SBN.PR.A Annual Report 2010

S Split Corp. has released its Annual Report to December 31, 2010.

SBN / SBN.PR.A Performance
Instrument One
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.

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