Press enter to skip to main page content

CAPVEST Income Corp. (TSX-V: CVS) Releases 2005 Third Quarter Results
2005-11-09
TORONTO: CAPVEST Income Corp. is pleased to announce its results for the three and nine month periods ended September 30, 2005.Highlights:
  • The Company’s net assets were $5,035,319 at September 30, 2005, an increase from $4,258,436 at June 30, 2005 and $2,817,077 at December 31, 2004.
  • The Company recorded net income from investment operations of $728,248 in the third quarter (2004 - loss of $521,580). This higher net income resulted predominantly from a change in unrealized appreciation of investments of $734,197 (2004 – depreciation of $12,998), driven by a rise in the value of the portfolio’s holdings of energy and resource income trusts.
  • At September 30, 2005, almost 50 per cent of the Company’s net assets are invested in oil and gas royalty trusts. The second largest allocation is to resources and resource-based income trusts (23.31 per cent). The balance of the Company’s net assets is invested in other income funds, many of which are exposed to or involved in resource-based operations.
  • The market value of the Company’s shares was $0.26 per share on the TSX Venture Exchange at September 30, 2005, up from $0.18 on June 30, 2005.

Documents (including press releases) regarding the various investment funds that are managed or advised by Sentry are provided for information purposes only and cannot be relied on to be complete, exhaustive or error-free unless the complete set of documents for any given investment fund with respect to which information is being sought is reviewed and then only on SEDAR (www.sedar.com).