{"id":464542,"date":"2021-03-24T16:04:23","date_gmt":"2021-03-24T20:04:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464542"},"modified":"2021-03-24T16:04:23","modified_gmt":"2021-03-24T20:04:23","slug":"world-financial-split-corp-announces-year-end-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/world-financial-split-corp-announces-year-end-results\/","title":{"rendered":"World Financial Split Corp. Announces Year End Results"},"content":{"rendered":"
\n

TORONTO, March 24, 2021 (GLOBE NEWSWIRE) — (TSX: WFS; WFS.PR.A)<\/strong> World Financial Split Corp. (the \u201cFund\u201d) announces results of operations for the year ended December 31, 2020. Decrease in net assets attributable to holders of Class A shares amounted to $2.30 million or $2.14 per Class A share. As at December 31, 2020, net assets attributable to holders of Class A shares were $1.57 million or $1.55 per Class A share. Cash distributions to Preferred Shareholders totaling $0.56 million or $0.53 per preferred share were paid during the year.<\/p>\n

The Fund is a mutual fund corporation which invests in a portfolio that includes common equity securities selected from the ten largest financial services or real estate companies by market capitalization in each of Canada, the United States and the Rest of the World (the \u201cPortfolio Universe\u201d). The issuers of securities in the Portfolio, other than Canadian issuers, must have a minimum credit rating of \u201cA\u201d from Standard & Poor\u2019s Rating Services or a comparable rating from an equivalent rating agency.<\/p>\n

In addition, up to 25% of the Net Asset Value of the Fund may be invested in common equity securities of financial services or real estate 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 \u201cA-\u201d from Standard & Poors Rating Services or a comparable rating from an equivalent rating agency.<\/p>\n

The Fund employs a proprietary investment strategy, Strathbridge Selective Overwriting (SSO), to enhance the income generated by the Portfolio and to reduce volatility.<\/p>\n

The Fund\u2019s investment portfolio is managed by its investment manager, Strathbridge Asset Management Inc. The Fund\u2019s Preferred and Class A shares are listed on Toronto Stock Exchange under the symbols WFS.PR.A<\/strong> and WFS <\/strong>respectively.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
Selected Financial Information: ($ Millions)<\/p>\n

<\/strong>\n <\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n
\n
Statement of Financial Position as at December 31st<\/em>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\n
\n 2020<\/u>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
Assets<\/td>\n$<\/td>\n11.75<\/td>\n\u00a0<\/td>\n<\/tr>\n
Liabilities (including Redeemable Preferred Securities)<\/td>\n\u00a0<\/td>\n(10.18<\/td>\n)<\/td>\n<\/tr>\n
Net Assets Attributable to Holders of Class A Shares<\/td>\n\n $<\/strong>\n <\/td>\n\n 1.57<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n Statement of Comprehensive Income for the year ended December 31st<\/strong>
\n <\/em>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss (including Net Gain on Investments)<\/td>\n$<\/td>\n(1.32<\/td>\n)<\/td>\n<\/tr>\n
Expenses<\/td>\n\u00a0<\/td>\n(0.42<\/td>\n)<\/td>\n<\/tr>\n
Operating Loss<\/td>\n\u00a0<\/td>\n(1.74<\/td>\n)<\/td>\n<\/tr>\n
Preferred Share Distributions<\/td>\n\u00a0<\/td>\n\u00a0\u00a0 (0.56<\/td>\n)<\/td>\n<\/tr>\n
Decrease in Net Assets Attributable to Holders of Class A Shares<\/td>\n\n $<\/strong>\n <\/td>\n\n (2.30<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.strathbridge.com<\/a>.<\/p>\n\n\n
John Germain, Senior Vice-President & CFO<\/td>\n\n Strathbridge Asset Management Inc.<\/strong>
\n
121 King Street West
Suite 2600
Toronto, Ontario, M5H 3T9
416.681.3966; 1.800.725.7172
www.strathbridge.com<\/a>
info@strathbridge.com<\/a><\/td>\n<\/tr>\n<\/table>\n

\n 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.<\/em>\n <\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

TORONTO, March 24, 2021 (GLOBE NEWSWIRE) — (TSX: WFS; WFS.PR.A) World Financial Split Corp. (the \u201cFund\u201d) announces results of operations for the year ended December 31, 2020. Decrease in net assets attributable to holders of Class A shares amounted to $2.30 million or $2.14 per Class A share. As at December 31, 2020, net assets attributable to holders of Class A shares were $1.57 million or $1.55 per Class A share. Cash distributions to Preferred Shareholders totaling $0.56 million or $0.53 per preferred share were paid during the year. The Fund is a mutual fund corporation which invests in a portfolio that includes common equity securities selected from the ten largest financial services or real estate companies by market capitalization … <\/p>\n

Continue reading “World Financial Split Corp. Announces Year End Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-464542","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWorld Financial Split Corp. Announces Year End Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/world-financial-split-corp-announces-year-end-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Financial Split Corp. 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