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CAPVEST Income Corp. (CSV, CVS.DB) is an investment corporation focused on investing, directly or indirectly, in a diversified group of infrastructure and energy companies. The Company also intends to target direct ownership in infrastructure assets providing sustainable and predictable current cash flow returns.
CAPVEST Income Corp. is designed with a dual structure: common shares offer capital appreciation and income, with targeted annual yield of approximately 6%, paid quarterly; convertible debentures offer interest payment of 7 per cent per year. The common shares and convertible debentures trade separately on the Toronto Stock Exchange.
Investors benefit in several key ways:• Attractive quarterly income from convertible debentures, with interest payments of 7 per cent per year (may convert to common shares before December 31, 2008)• Unique opportunity to gain access to a portfolio of global infrastructure companies • Investment in real assets to deliver lower risk of capital loss, inflation-linked returns, and low correlation of asset performance to economic cycles
CAPVEST Income Corp. meets the needs of investors who want to participate in the strong potential of infrastructure companies and energy-related income and royalty funds, while benefiting from diversification and professional management.
Average Annual Compound Returns - by Market Price (as of July 31, 2008)YTD3 Month 6 Month 1 Year 3 Year5 YearSI 20.0%-0.9%29.6%-16.4%-31.0%n/a-14.7%
Annual Returns - by NAV
Annual Returns - by Market Price
1 Distributions are based on the actual number of common shares outstanding at the relevant time.2 The NAV per common share has been adjusted back to account for a 15-1 share consolidation on March 6, 2007.
% of Net Assets
100.00