Caldwell U.S. Dividend Advantage Fund's Q3 Distribution Update
Caldwell U.S. Dividend Advantage Fund Announces Latest Distributions
In an exciting development for investors, Caldwell Investment Management Ltd. has announced its payment of distributions for the Caldwell U.S. Dividend Advantage Fund. This active ETF series continues to attract interest from unitholders due to its consistent performance and reliable returns.
Understanding the Distribution Details
The current distribution rate stands at CAD $0.038 per unit for the ETF Series, translating to an impressive annualized yield of approximately 3.2% on net assets. This distribution is aimed at rewarding unitholders while supporting the Fund's ongoing commitment to delivering value.
Distribution Timeline
Unitholders will find that the payments are organized into specific record and payment dates:
Table of Distribution Payments
The following table outlines the schedule:
Distribution Reinvestment Plan (DRIP)
Additionally, the Fund offers a Distribution Reinvestment Plan (DRIP), allowing unitholders the flexibility to automatically reinvest their distributions. This approach helps investors capitalize on compounded growth benefits. Interested participants can easily enroll in the program through their investment advisors.
The Importance of the ETF Series
For those considering their investment options, it's noteworthy that the Caldwell U.S. Dividend Advantage Fund trades on the TSX under the ticker symbol UDA. By investing in this fund, individuals gain exposure to a well-managed investment vehicle dedicated to generating dividend income.
Historical Context and Development
Originally launched as a closed-end investment on May 28, 2015, the fund transitioned to an open-end mutual fund on November 15, 2018. This strategic shift was designed to enhance performance and align with investor expectations. The ETF Series was subsequently introduced on March 18, 2020, providing an appealing investment choice in the evolving market.
Investor Guidance and Recommendations
Potential and current investors are strongly encouraged to consult with financial advisors to understand thoroughly the risks and benefits associated with this investment. Reviewing the Simplified Prospectus and Fund Facts documents is crucial for making informed decisions. Caldwell Investment Management Ltd. emphasizes that while distributions are paid, they do not guarantee future performance.
Tax Implications of Distributions
Investors must also be aware of the tax implications related to distributions received from the Fund. Distributions, stemming from capital gains and dividends, are subject to taxation in the year they are received. Understanding adjusted cost base (ACB) is essential to navigating potential capital gains tax responsibilities.
Frequently Asked Questions
What is the current distribution rate for the Fund?
The current distribution rate is CAD $0.038 per unit for the ETF Series.
When are the distributions expected to be paid?
The payments are scheduled at various intervals throughout the quarter as outlined in the distribution table.
Does the Fund offer a DRIP option?
Yes, unitholders can participate in a DRIP to reinvest their distributions automatically.
What is the ticker symbol for the Caldwell U.S. Dividend Advantage Fund?
The fund trades under the ticker symbol UDA on the TSX.
How can I obtain more information about the Fund?
For further details, interested parties can visit the Caldwell Investment Management website or contact their office directly.
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