Insights into Quadravest Preferred Split Share ETF's Monthly Dividend
Overview of Monthly Distribution for Preferred ETF
Quadravest Capital Management Inc. has announced the monthly distribution for its Quadravest Preferred Split Share ETF, also known as the Preferred ETF. This distribution reflects a commitment to providing consistent returns to investors, a hallmark of Quadravest's investment approach.
Distribution Details
The amount per unit for this month’s distribution is set at $0.05833 CAD. When annualized based on the initial price of $10.00 per unit, this results in a total of $0.70 per year. It illustrates the fund's ability to deliver regular income to its investors.
Investment Objectives of the Preferred ETF
The overarching goals of the Preferred ETF are twofold: to provide unitholders with reliable monthly distributions and to preserve capital. This is achieved by maintaining a portfolio that primarily consists of preferred shares from various split share corporations, which are traded on Canadian exchanges.
Investment Approach
In pursuit of these investment objectives, the Preferred ETF focuses on an actively managed portfolio of preferred shares from Canadian split share corporations. Additionally, it may invest in preferred shares of other entities, including exchange-traded funds and equities, ensuring a diversified approach while aligning with its core objectives.
Managing Distributions
The distributions offered by the fund are determined at the sole discretion of the Manager. It’s important for investors to note that while these distributions are targeted, they can be subject to changes based on the fund's performance and expenses. If returns from the portfolio fall short of expected levels, some distributions could represent a return of capital, potentially impacting the net asset value (NAV) per unit.
Risk Rating
The Manager has designated a risk rating of 'low' for the Preferred ETF, making it an appealing option for investors seeking stable income with a lower risk profile.
Company Background
Quadravest Capital Management Inc., founded in 1997, has a longstanding history in the investment management space. With approximately $5 billion of assets under management, the company oversees a diverse array of 13 publicly traded investment products. These include split share corporations and various investment trusts, reflecting its broad expertise in investment management.
Considerations for Investors
Prospective investors should review the prospectus before making any decisions. Investments in exchange-traded funds carry risks, including market volatility, and past performance is not an indicator of future results. It is crucial to understand the dynamics of the investments before committing any funds.
Frequently Asked Questions
What is the recent distribution amount for Polygon ETF?
The recent distribution amount per unit is $0.05833 CAD.
How does the fund achieve its investment objectives?
The fund invests in a managed portfolio of preferred shares of split share corporations, targeting stability and income for investors.
What is the risk rating assigned to the Preferred ETF?
The risk rating for the Preferred ETF is categorized as 'low', making it a safer investment option.
What is the historical management experience of Quadravest?
Founded in 1997, Quadravest has a successful track record with approximately $5 billion in assets under management.
How should investors assess the suitability of this ETF?
Investors should thoroughly read the prospectus and consider their own financial situations before investing in any ETF.
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