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Coastal Income Corp: Semi-Annual Results.


TORONTO -- COASTAL INCOME CORP. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:DIV DIV Division
DIV Divide (street type)
DIV Diving
DIV Divider
DIV Divergence (mathematics; calculus)
DIV Documentaire Informatievoorziening
DIV Days in Vitro
DIV Desquamative Inflammatory Vaginitis
.pr.A) announced that the net investment loss for the six months ended September 30, 2004 was $0.3 million as compared to a net investment income of $0.6 million in 2003.
---------------------------------------------------------------------
In millions (except per unit       6 months ended          Year ended
or share amounts)              September 30, 2004      March 31, 2004
---------------------------------------------------------------------

Net assets                                $ 119.8             $ 123.0
Net asset value per unit                  $ 48.97             $ 49.61
Net asset value per
 Senior preferred share                   $ 25.00             $ 25.00
---------------------------------------------------------------------



The board of directors declared dividends declared dividend

A dividend authorized by a firm's board of directors. At the time a dividend is declared, the firm creates a liability for the dividend's payment.
 of $0.3625 per Senior preferred share on the following dates:
Record Date           Payment Date
                     -----------           ------------

               December 15, 2004      December 31, 2004
                  March 15, 2005         March 31, 2005
                   June 15, 2005          June 30, 2005



The Company holds a portfolio of preferred securities. The Company's Senior preferred shares Preferred shares

Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock.
 are listed on the TSX under the trading symbol Trading symbol

See: Ticker symbol
 DIV.pr.A.

Coastal Income Corp. (TSX:DIV.pr.A)
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Publication:Business Wire
Date:Nov 25, 2004
Words:155
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