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TORONTO, ONTARIO--(Marketwire - Oct. 6, 2011) - Income STREAMS III Corporation (the "Company") is providing an update on the impact of a September 21, 2011 Moody's Investor Services downgrade of the ratings of Bank of America Merrill Lynch which has been one of the counterparties to the Capital Yield share repayment forward agreement since July 2001 (the Company's inception). This downgrade has had no impact on the market value of the Capital Yield share repayment forward agreement. This forward agreement is one of two entered into by the Company which collectively are designed to achieve the repayment objective of $25 per Capital Yield share on the Company's termination date of December 1, 2013. |
