TORONTO, ONTARIO -- (Marketwire) -- 02/25/10 -- Income STREAMS III Corporation ("STQ STREAMS") today announced its annual financial results for the year ending November 30, 2009.
The year ending November 30, 2009 was one of the most tumultuous periods in financial market history. Against this backdrop, the market prices of the stocks in the managed portfolio mirrored this activity reaching lows in early March but recovering significantly by the end of November. The net asset value per unit (a unit consists of one Equity Dividend share and one Capital Yield share) increased by $1.14 to $32.37 per unit as at November 30, 2009. The net asset value per unit was comprised of a $ 9.40 managed portfolio per unit and $22.97 per unit in the Capital Yield share repayment forward agreement.
STQ STREAMS is a mutual fund corporation that invests in a diversified portfolio consisting principally of common shares issued by corporations whose shares are included in the S&P 500 and the S&P/TSX 60 Index.
Selected Financial Information from the Statement of Financial Operations: For the year ending November 30, 2009 ($ Millions) Income 0.921 Expenses (1.299) ------------ Net investment income (0.378) Realized option premiums and gain (loss) on sale of investments 1.128 Change in unrealized appreciation on investments/forward agreements 4.375 ------------ Increase in net assets from operations before distributions 5.125
Comparative financial information is available in documents filed on www.sedar.com.
Income STREAMS III
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
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