Monthly Distribution Announced for Quadravest Preferred Split Share ETF
Quadravest Capital Management Inc. is excited to announce the monthly distribution for the Quadravest Preferred Split Share ETF (Preferred ETF) as detailed below:
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 translates to an annualized total of $0.65, based on the initial issue price of $10.00.
The Preferred ETF aims to provide its unitholders with: (a) monthly distributions and (b) the potential for capital preservation, primarily through a selection of preferred shares from split share corporations.
Portfolio Management
To meet its investment goals, the Preferred ETF will invest in an actively managed portfolio of preferred shares from Canadian split share corporations that are listed on a Canadian exchange. Additionally, the ETF may also invest in preferred shares from other issuers, exchange-traded funds, various investment funds, equities, or income-generating securities, as well as securities convertible into any of the aforementioned types, as long as these investments align with the ETF’s objectives.
Distribution Insights
For its first year, the Preferred ETF targets distributions of $0.65 per unit. The monthly distribution amount will be determined solely at the Manager’s discretion and may change in future periods, as communicated by the Manager. If the total return on the Preferred ETF's portfolio falls short of what is needed to cover the monthly distributions and all associated expenses, some of the distributions paid to unitholders may be classified as a return of capital, which could lead to a decrease in the net asset value (NAV) per unit.
Risk Assessment
The Manager has categorized the Preferred ETF with a risk rating of “low.”
Since its founding in 1997, the Manager has established a strong reputation for creating and managing investment products, currently overseeing approximately $5 billion in assets. The Manager proudly manages a diverse 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 is designed to provide unitholders with monthly distributions and to preserve capital through a portfolio of preferred shares.
How much is the monthly distribution per unit?
The monthly distribution per unit is set at $0.05417 CAD, which amounts 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?
The ETF is managed by Quadravest Capital Management Inc., which has a strong track record since 1997 and manages approximately $5 billion in assets.
