A $0.70 increase in NAV April 15thTORONTO, ONTARIO, Apr 05, 2011 (MARKETWIRE via COMTEX News Network) --
CapitalGains Income STREAMS Corp. (TSX: CGQ)(TSX: CGQ.E) announced today thatit has settled its claim against one of its counterparties related to adispute regarding the proper calculation of the forward fees charged bythat counterparty under its capital repayment forward agreement, as morefully described in Note 6 to Capital Gains Income STREAMS Corp.'s mostrecent annual financial statements. Capital Gains Income STREAMS Corp.will receive $781,064 under the settlement agreement, which amountrepresents substantially all of the forward fees that were in disputebetween Capital Gains Income STREAMS Corp. and that forwardcounterparty. This payment is expected to be received on or before April15, 2011 and will be credited to the managed portfolio component ofCapital Gains Income STREAMS. It will result in an increase of
.70 inthe net asset
per unit.
Well I never ! That is welcome news indeed. Should be close to NAV of $7.00 and trading at $7.20 or so.
Since I've got too many of these I was thinking of selling some. Glad I didn't
gina