World Financial Split Corp. Declares Quarterly Distribution
03 Settembre 2008 - 10:03PM
Marketwired
World Financial Split Corp. (the "Fund") (TSX: WFS.PR.A)(TSX: WFS)
has declared its quarterly distribution of $0.13125 on each of its
Preferred Shares and $0.30 on each of its Class A Shares payable
September 30, 2008 to shareholders of record as of September 15,
2008. To the extent that any portion of the distributions are
ordinary taxable dividends and not capital gains dividends, they
will be eligible dividends.
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"). In addition, 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 Service or a
comparable rating from an equivalent rating agency.
To generate additional returns above the dividend income earned
on the portfolio, the Fund may from time to time write covered call
options in respect of all or part of the common shares in the
Portfolio. In addition, the Fund may write cash covered put options
in respect of securities in which the Fund is permitted to
invest.
The Fund's investment portfolio is managed by its investment
manager, Mulvihill Capital Management Inc. The Fund's Preferred and
Class A shares are listed on The Toronto Stock Exchange under the
symbols WFS.PR.A and WFS.
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Distribution Details:
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Distribution per Preferred Share: $0.13125
Distribution per Class A Share: $0.30
Payable Date: September 30, 2008
Record Date: September 15, 2008
Ex-Dividend Date: September 11, 2008
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A member of the Mulvihill Capital Management Inc. Group of
Funds.
Contacts: Mulvihill Structured Products John Mulvihill President
& CEO (416) 681-3966 or 1-800-725-7172 Mulvihill Structured
Products Don Biggs Senior Vice President (416) 681-3966 or
1-800-725-7172 Email: hybrid@mulvihill.com Website:
www.mulvihill.com
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