{"id":14868,"date":"2011-04-26T20:35:33","date_gmt":"2011-04-27T00:35:33","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=14868"},"modified":"2011-04-26T20:35:33","modified_gmt":"2011-04-27T00:35:33","slug":"wfs-pr-a-annual-report-2010","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=14868","title":{"rendered":"WFS.PR.A Annual Report 2010"},"content":{"rendered":"

World Financial Split Corp. has released its Annual Report to December 31, 2010<\/a>.<\/p>\n

\n\n\n\n\n\n\n\n
WFS \/ WFS.PR.A Performance<\/td>\n<\/tr>\n
Instrument<\/td>\nOne
Year<\/td>\n		Three
Years<\/td>\n		Five
Years<\/td>\n<\/tr>\n
Whole Unit<\/td>\n-7.70%<\/td>\n-10.89%<\/td>\n-6.53%<\/td>\n<\/tr>\n
WFS<\/td>\n-49.49%<\/td>\n-42.44%<\/td>\n-29.39%<\/td>\n<\/tr>\n
WFS.PR.A<\/td>\n+5.35%<\/td>\n+5.35%<\/td>\n+5.35%<\/td>\n<\/tr>\n
MSCI World\/Finance Index<\/td>\n-0.23%<\/td>\n-13.51%<\/td>\n-8.75%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

Figures of interest are:<\/p>\n

MER: 1.51% of the whole unit value, excluding one time initial offering expenses.<\/p>\n

Average Net Assets: We need this to calculate portfolio yield; unfortunately the number of units changesd, which makes it more approximate. The Total Assets of the fund at year end was $76.6-million, compared to $107.3-million a year prior, so call it an average of $92.0-million. Total Preferred Share Distribution in 2010 was $3.888-million, at $0.525\/share implies an average of 7.41-million units, at an average NAV of ((11.57 + 13.11) \/ 2 = 12.34, so call it $91.4-million. Close enough! Call the Average Net Assets $92-million.<\/p>\n

Underlying Portfolio Yield: Investment income (sum of interest, dividends and withholding taxes) of $1.964-million received divided by average net assets of $92-million is 2.13%.<\/p>\n

Income Coverage: Net investment income of $1.964-million less expenses before issuance fees of $1.743-million is $0.221-million, to cover preferred dividends of 3.888-million is just under 6%.<\/p>\n

WFS.PR.A was last mentioned on PrefBlog when a term extension proposal was announced<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

World Financial Split Corp. has released its Annual Report to December 31, 2010. WFS \/ WFS.PR.A Performance Instrument OneYear ThreeYears FiveYears Whole Unit -7.70% -10.89% -6.53% WFS -49.49% -42.44% -29.39% WFS.PR.A +5.35% +5.35% +5.35% MSCI …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-14868","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/14868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14868"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/14868\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}