S Split Corp. has released its Annual Report to December 31, 2010.
| SBN / SBN.PR.A Performance | |||
| Instrument | One Year |
Three Years |
|
| Whole Unit | +8.65% | +3.20% | |
| SBN.PR.A | +5.38% | +5.38% | |
| SBN | +11.71% | +1.45% | |
| BNS (underlying) | +20.4% | +8.99% | |
Figures of interest are:
MER: 2.26% of the whole unit value
Average Asset Value: $82-million
Underlying Portfolio Yield: When fully invested will be equal to BNS common: 3.63%
Income Coverage: 0.5:1 – they have often kept a lot of cash on the books.