Distribution Announcement for Quadravest Preferred Split Share ETF
Quadravest Capital Management Inc. is excited to announce a monthly distribution for the Quadravest Preferred Split Share ETF ("Preferred ETF"). This distribution reflects the company's commitment to its unitholders and the performance of its investment strategies.
Details of the Monthly Distribution
The monthly distribution per unit amounts to $0.05833 CAD, equating to an annualized total of $0.70 based on an initial issue price of $10.00. This helps unitholders plan their investments by providing consistent returns.
Record and Payment Dates
The record date for this distribution is set for August 29, with the payment to follow on September 10. It's essential for investors to note these dates to ensure they receive their shares of the distribution.
Investment Objectives of the Preferred ETF
The Preferred ETF aims to deliver two primary benefits to its unitholders: (a) monthly distributions and (b) capital preservation. It achieves these objectives through a strategically managed portfolio primarily composed of preferred shares from split share corporations. This approach helps ensure stability and reliability for investors.
Portfolio Management Strategy
Investing in a diverse portfolio, the Preferred ETF targets preferred shares from Canadian split share corporations listed on exchanges. This includes occasionally investing in other types of securities, such as common shares and income-generating assets, which align with the fund's overall investment goals. By doing so, the ETF diversifies its risk while pursuing growth opportunities.
Distribution Management and Risk Considerations
The Manager oversees the distribution process, with an inherent discretion regarding adjustments in future distributions based on portfolio returns and expenses. If the investment returns do not cover monthly payouts and operational costs, some payments may involve a return of capital, which could affect the net asset value (NAV) per unit.
Risk Assessment of the Preferred ETF
The Preferred ETF has been assessed with a "low" risk rating. This categorization implies that while investments carry inherent risks, the structured approach to handling the ETF's portfolio is designed to minimize potential volatility.
Additional Information
The Manager, established in 1997, boasts a history of managing approximately $5 billion in assets. This experienced track record highlights the company's competence in overseeing a variety of investment products, reinforcing confidence among unitholders.
Get in Touch with Investor Relations
If you're looking for more details or have specific inquiries, reach out to the investor relations team at Quadravest. Call toll-free at 1-877-478-2372 or dial 416-304-4443 for local inquiries. Visit www.quadravest.com for more information.
Frequently Asked Questions
What is the amount of the monthly distribution for the ETF?
The monthly distribution for the Quadravest Preferred Split Share ETF is $0.05833 CAD per unit.
When is the record date for the distribution?
The record date for this month’s distribution is August 29.
When will the distribution be paid?
The payment date for the distribution is September 10.
What are the investment objectives of the Preferred ETF?
The Preferred ETF aims to provide monthly distributions and capital preservation through a diversified portfolio of preferred shares.
How is the risk rating of the Preferred ETF categorized?
The Preferred ETF has been assigned a risk rating of "low" by the Manager.
