World Financial Split Corp. Announces Year End Results
22 3월 2014 - 5:03AM
Marketwired
World Financial Split Corp. Announces Year End Results
TORONTO, ONTARIO--(Marketwired - Mar 21, 2014) - World Financial
Split Corp. (the "Fund") (TSX:WFS)(TSX:WFS.PR.A) announces results
of operations for the year ended December 31, 2013. Net income for
the year amounted to $5.0 million or $1.85 per Class A share. Net
assets per Unit were $12.94, net of distributions of $0.53 per
Preferred share. Each Unit consist of one Preferred share and one
Class A share.
The Fund is a mutual
fund corporation which invests in a portfolio that includes common
equity securities selected from the ten largest financial services
companies by market capitalization in each of Canada, the United
States and the Rest of the World (the "Portfolio Universe"). The
issuers of securities in the Portfolio, other than Canadian
issuers, must have a minimum credit rating of "A" from Standard
& Poor's Rating Services or a comparable rating from an
equivalent rating agency.
In addition, up to
20% of the Net Asset Value of the Fund may be invested in common
equity securities of financial services companies not included in
the Portfolio Universe as long as such companies have a market
capitalization at the time of investment of at least US$10 billion
and for non-Canadian issuers, a minimum credit rating of "A" from
Standard & Poors Rating Services or a comparable rating from an
equivalent rating agency.
The Fund employs a
proprietary investment strategy, Strathbridge Selective Overwriting
("SSO"), to enhance the income generated by the Portfolio and to
reduce volatility. In addition, the Fund may write cash covered put
options in respect of securities in which it is permitted to
invest.
The Fund's investment portfolio is managed by its investment
manager, Strathbridge Asset Management Inc. The Fund's Preferred
and Class A shares are listed on Toronto Stock Exchange under the
symbols WFS.PR.A and WFS respectively.
|
Selected Financial Information: ($ Millions) |
|
|
|
|
|
|
Statement of Financial Position |
|
2013 |
|
|
Assets |
$ |
32.8 |
|
|
Liabilities (including redeemable Preferred Shares) |
|
(25.4 |
) |
|
Equity |
$ |
7.4 |
|
|
|
|
Statement of Operations |
|
|
|
|
Revenue |
$ |
0.7 |
|
|
Expenses |
|
(0.8 |
) |
|
Preferred Share Distributions |
|
(1.4 |
) |
|
Net Investment Loss |
$ |
(1.5 |
) |
|
Net Gain on Investments |
|
6.5 |
|
|
Net Income |
$ |
5.0 |
|
Aaron Ho,
Vice-President, Finance
Commissions,
trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the prospectus before
investing. Investment funds are not guaranteed, their values change
frequently and past performance may not be repeated.
Strathbridge Asset Management Inc.Investor
Relations416.681.3966;
1.800.725.7172info@strathbridge.comwww.strathbridge.com
World Financial Split (TSX:WFS.PR.A)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
World Financial Split (TSX:WFS.PR.A)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
