Monthly Distribution Announcement for Quadravest ETF
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Monthly Distribution Declared for Quadravest Preferred Split Share ETF
Quadravest Capital Management Inc. is pleased to declare a monthly distribution for Quadravest Preferred Split Share ETF (Preferred ETF) as follows:
Distribution Amount
Amount Per Unit: $0.05417 CAD
Key Dates
Record Date
Record Date: August 30, 2024
Payment Date
Payment Date: September 10, 2024
Investment Objectives
The monthly distribution per unit represents a total of $0.65 annualized based on the initial issue price of $10.00.
The investment objectives of Preferred ETF are to provide unitholders with: (a) monthly distributions and (b) the opportunity for capital preservation, primarily through a portfolio of preferred shares of split share corporations.
Portfolio Management
Preferred ETF will seek to achieve its investment objectives by investing in an actively managed portfolio of split corp. preferred shares offered by Canadian split share corporations listed on a Canadian exchange. The Preferred ETF may also invest in preferred shares of other issuers, exchange-traded funds, other investment funds, equities or income-generating securities, and securities that are convertible into any of the above noted securities provided such investments are consistent with the Preferred ETF’s investment objectives.
Distribution Insights
Targeted distributions for the Preferred ETF’s first year are $0.65 per unit. The amount of monthly distributions will be set at the Manager’s sole discretion and may be changed or vary in subsequent periods, as announced by the Manager. If the total return on the portfolio of the Preferred ETF is less than the amount necessary to fund the monthly distributions and all expenses of the Preferred ETF, this will result in a portion of the distributions paid to unitholders being a return of the capital to unitholders and a decrease in NAV per unit.
Risk Assessment
The Manager has assigned Preferred ETF a risk rating of “low”.
Founded in 1997, the Manager has a successful track record of creating and managing investment products with approximately $5 billion in assets under management, and proudly manages a portfolio of 13 publicly traded investment products including split share corporations and an investment trust.
Contact Information
Investor Relations: 1-877-478-2372
Local: 416-304-4443
Website: www.quadravest.com
Email: info@quadravest.com
Frequently Asked Questions
What is the purpose of the Quadravest Preferred ETF?
The Quadravest Preferred ETF aims to provide unitholders with monthly distributions and capital preservation through a portfolio of preferred shares.
How much is the monthly distribution per unit?
The monthly distribution per unit is $0.05417 CAD, amounting to an annualized total of $0.65 based on an initial price of $10.00.
When is the record date for the distribution?
The record date for the distribution is August 30, 2024.
What is the risk rating assigned to the Preferred ETF?
The Manager has assigned the Preferred ETF a risk rating of “low”.
Who manages the Quadravest Preferred ETF?
Quadravest Capital Management Inc. manages the ETF, boasting a strong track record since 1997 with approximately $5 billion in assets under management.
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