Canadian World Fund Limited Outperforms Index.TORONTO--(BUSINESS WIRE)--April 22, 1997--CANADIAN WORLD FUND (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , WINNIPEG Winnipeg, city, Canada Winnipeg (wĭn`ĭpĕg), city (1991 pop. 616,790), provincial capital, SE Man., Canada, at the confluence of the Red and Assiniboine rivers. STOCK EXCHANGE CWF CWF Colonial Williamsburg Foundation CWF Canada West Foundation (Economic Institute) CWF Canadian Wildlife Federation CWF Common Working File CWF Christian Women's Fellowship CWF Cool White Fluorescent CWF Campaign for Working Families .) Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. World Fund Limited today announced that net asset value per share at March 31, 1997 was $5.96. This represents significant increases of 6.0 percent from $5.62 at year-end year-end also year·end n. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. 1996 and 15.7 percent from $5.15 at March 31, 1996. For comparative purposes, the benchmark Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. All
Country World Index, expressed in Canadian dollars Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin"loonie dollar - the basic monetary unit in many countries; equal to 100 cents , had increases for the quarter and twelve months ended March 31, 1997 of 1.6 percent and 9.2 percent respectively, while its Emerging Market Index showed corresponding increases of 9.2 percent and 7.8 percent. Approximately 60 percent of CWF's portfolio is invested in Emerging Markets. During the quarter, the trading discount ranged between 18.5 percent and 27.9 percent, closing at 22.8 percent, compared to 22.6 percent at the end of 1996. The share price closed at $4.60, up from $4.35 at December 31, 1996. There was a net loss of $26,000 or $0.01 per share for the three months ended March 31, 1997 compared with net income of $7,000 or $0.00 per share for the same period last year. Growth in assets is the primary investment focus of the Fund. Canadian World Fund is a closed-end fund Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. which takes a diversified diversified (di·verˑ·s approach to global equities, seeking companies with special growth prospects, in all regions and countries.
Three months ended
March 31
($000, except per share amounts)
1997 1996
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Income $ 54 $ 122
Expenses 101 109
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Net income (loss) before taxes (47) 13
Income tax provision (recovery) (21) 6
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Net income (loss) $ (26) $ 7
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Net income (loss) per share $ (0.01) $ 0.00
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Net asset value per share $ 5.96 $ 5.15
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Number of shares outstanding 4,101,350 4,101,350
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CONTACT: Canadian World Fund Limited Michael A. Smedley, 416/366-2931 416/366-2729 (FAX) email: cwffund@mma-investmgr.com or Canadian World Fund Limited Paul S. Devlin, 416/366-2931 416/ 366-2729 (FAX) email: cwffund@mma-investmgr.com |
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