Monthly Distribution Insights for Quadravest Preferred Split Share ETF

Monthly Distribution Announcement by Quadravest

Quadravest Capital Management Inc. has exciting news for unitholders of the Quadravest Preferred Split Share ETF (TSX: PREF). The company has declared a monthly distribution that provides a steady income stream for its investors. This monthly distribution amount stands at $0.05833 CAD per unit, translating to an impressive annualized return of $0.70 based on the initial issue price of $10.00.

Understanding the Distribution Details

Unitholders should take note of the key dates associated with this monthly distribution. The record date, which determines who is eligible to receive the payment, will be on December 31, 2024. Those who hold units by that date will receive their distribution on January 10, 2025. This schedule is an important aspect for investors looking to maximize their returns from the ETF.

Investment Goals of the Preferred ETF

The primary objectives of the Preferred ETF are twofold: to provide investors with regular monthly distributions and to offer capital preservation. Quadravest achieves these goals primarily through a strategically selected portfolio of preferred shares from split share corporations. By maintaining a balanced approach between income generation and safeguarding capital, the ETF stands out in the investment landscape.

Portfolio Composition and Investment Strategy

The investment strategy of the Preferred ETF involves actively managing a portfolio of split corporation preferred shares that are listed on Canadian exchanges. Additionally, the ETF is allowed to diversify its investments by adding preferred shares of other issuers, exchange-traded funds, or other income-generating instruments. This diversified approach helps ensure that it meets its stated investment objectives while managing risks effectively.

It is essential to understand that the monthly distributions are not guaranteed. They can fluctuate based on the performance of the fund and overall market conditions. The manager retains discretion over the distribution amounts, which are subject to change in future periods. Should the total return from the portfolio fall short of covering the monthly distributions and necessary expenses, unitholders may receive a portion of their distribution as a return of capital. This situation could impact the Net Asset Value (NAV) per unit.

Risk Assessment and Management

To aid investors in making informed decisions, the Manager has rated the risk level of the Preferred ETF as low. This designation reflects the stable nature of the investments and the conservative approach employed in managing the ETF. However, all investments carry some level of risk, and potential investors should conduct thorough research and consider their risk tolerance before investing.

Contact Information for Investor Queries

For any inquiries regarding the Quadravest Preferred Split Share ETF, investors can reach out to Quadravest Capital Management Inc.’s dedicated investor relations team. They can be contacted at 1-877-478-2372 or locally at 416-304-4443. Additionally, potential investors can find comprehensive information on their official website.

About Quadravest Capital Management Inc.

Founded in 1997, Quadravest Capital Management Inc. boasts an impressive track record with approximately $5 billion in assets under management. The firm proudly manages a diverse portfolio of 13 publicly traded investment products, including split share corporations and investment trusts. With years of experience and a commitment to providing quality investment solutions, Quadravest continues to stand as a reputable entity in the investment industry.

Frequently Asked Questions

What is the monthly distribution amount for TSX: PREF?

The declared monthly distribution amount is $0.05833 CAD per unit.

When is the record date for the upcoming distribution?

The record date is December 31, 2024.

What are the investment goals of the Quadravest Preferred ETF?

The goals are to provide investors with monthly distributions and capital preservation through preferred shares.

How does Quadravest manage its investment risks?

The ETF is rated as low risk, with a diversified portfolio and a conservative investment strategy.

Where can I find more information about the ETF?

Investors can visit the official Quadravest website for detailed information about the ETF.

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