World Financial Split Corp.: Announces Year End Results

World Financial Split Corp. (TSX:WFS)(TSX:WFS.PR.A) announces results for the
year ended December 31, 2010. Net realized loss before distributions amounted to
$(12.4) million or $(1.64) per unit. Net assets were $11.57 per unit, net of
distributions to shareholders in the amount of $0.53 per Preferred share.


The Fund is a mutual fund corporation which invests in a portfolio that includes
common equity securities selected from the ten largest financial services
companies by market capitalization in each of Canada, the United States and the
Rest of the World (the "Portfolio Universe"). The issuers of securities in the
Portfolio, other than Canadian issuers, must have a minimum credit rating of "A"
from Standard & Poor's Rating Services or a comparable rating from an equivalent
rating agency.


In addition, up to 20% of the Net Asset Value of the Fund may be invested in
common equity securities of financial services companies not included in the
Portfolio Universe as long as such companies have a market capitalization at the
time of investment of at least US$10 billion and for non-Canadian issuers, a
minimum credit rating of "A" from Standard & Poors Rating Services or a
comparable rating from an equivalent rating agency.


To generate additional returns, the Fund may, from time to time, write covered
call options in respect of all or part of the common shares in the Portfolio. In
addition, the Fund may write cash covered put options in respect of securities
in which the Fund is permitted to invest.


The Fund's investment portfolio is managed by its investment manager, Mulvihill
Capital Management Inc. The Fund's Preferred and Class A shares are listed on
Toronto Stock Exchange under the symbols WFS.PR.A and WFS respectively.




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Selected Financial Information: ($ Millions)                                
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Statement of Financial Position                                        2010 
                                                                 -----------
Assets                                                            $    80.4 
Liabilities                                                            70.0 
                                                                 -----------
Equity                                                            $    10.4 
                                                                            
Statement of Operations                                                     
Revenue                                                           $     2.0 
Expenses                                                               (1.9)
                                                                   ---------
Net Investment Income                                             $     0.1 
Net Realized Loss on Investments                                      (12.5)
                                                                   ---------
                                                                            
Net Realized Loss before Distributions                              $ (12.4)
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For further information, please contact Investor Relations at 416.681.3966, toll
free at 1.800.725.7172 or visit www.mulvihill.com.


Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the prospectus before investing.
Investment funds are not guaranteed, their values change frequently and past
performance may not be repeated.

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