Most Popular White Papers
Content provided in partnership with
Prime Rate Plus Corp.: Financial Results to May 31, 2007
Market Wire, July, 2007
Prime Rate Plus Corp. ("Prime Plus") announces its semi-annual financial results for the six months ending May 31, 2007.
Distributions to both Class A and Preferred shareholders were made at the Canadian prime rate plus formula for each class of share. The Canadian Prime Rate remained stable at 6% during the period. The net asset value per unit (one Preferred Share and one Class A Share) increased by $1.33 per unit to $27.76 (after all distributions paid) as at May 31, 2007.
Prime Plus invests in a portfolio of six publicly traded Canadian Banks as
follows:
Bank of Montreal National Bank of Canada
The Bank of Nova Scotia Royal Bank of Canada
Canadian Imperial Bank of Commerce Toronto-Dominion Bank
Selected Financial Information from the Statement of Financial Operations:
For the six months ending May 31, 2007
($ Millions)
Income 4.531
Expenses (2.098)
--------
Net investment income 2.433
Realized option premiums and gain on sale of investments 18.496
Change in unrealized appreciation of investments 5.413
--------
Increase in net assets from operations before distributions 26.342
Comparative financial information is available in documents filed on www.sedar.com .
Contacts: Prime Rate Plus Corp. Investor Relations (416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372) Website: www.primrateplus.com
Find Research Guides for:
Find Featured Titles for: Home & Garden
Most Popular Articles in Business
- Research and Markets : Tesco Plc - SWOT Framework Analysis
- Do Us a Flavor - Ben & Jerry's Issues a Call for Euphoric New Flavors
- eBay made easy: ready to start an eBay business? These 5 simple steps will ...
- Katrina's lawsuit surge: a legal battle to force insurers to pay for flood ...
- Wal-Mart's newest distribution center opened last month near the southwest ...
- More »