Monthly Distribution Declared for Quadravest Preferred Split Share ETF
Quadravest Capital Management Inc., the manager of Quadravest Preferred Split Share ETF, has exciting news to share with its unitholders.
Distribution Details
A monthly distribution has been declared for the Preferred ETF, amounting to $0.05833 CAD per unit. This payout translates to an annualized distribution of $0.70, calculated based on the initial issue price of $10.00.
Record and Payment Dates
Investors should take note of the important dates associated with this distribution. The record date for this upcoming payment is set for the end of the month, while the payment will be made shortly thereafter.
Investment Objectives of Preferred ETF
The key investment objectives of the Preferred ETF are twofold: first, to provide unitholders with consistent monthly distributions, and second, to offer an opportunity for capital preservation. This is primarily achieved through a carefully selected portfolio of preferred shares from split share corporations.
Portfolio Management
To meet these objectives, the Preferred ETF invests in an actively managed portfolio of preferred shares issued by Canadian split share corporations listed on recognized exchanges. Additionally, the ETF may diversify its investments by including preferred shares from other entities, exchange-traded funds, or various income-generating securities, thus maintaining alignment with its investment goals.
Managing Risks and Expectations
The management team at Quadravest has stated that while monthly distributions are targeted and subject to change, they also come with certain risks. If the portfolio’s total return falls below what is needed to sustain distributions and cover expenses, unitholders may experience a return of capital, which could reduce the net asset value per unit.
Risk Assessment
In terms of risk, the manager has assigned the Preferred ETF a rating of 'low'. This implies that investors can generally expect a more stable investment experience.
About Quadravest Capital Management Inc.
Founded in 1997, Quadravest has built a notable reputation in the investment management industry, boasting approximately $5 billion in assets under management. The firm manages a diverse portfolio of 13 publicly traded investment products, including split share corporations and investment trusts, showcasing their expertise and commitment to quality.
Investor Information
For those interested in learning more about the Preferred ETF or obtaining specific documents, additional information can be found on their homepage. It's recommended that investors periodically review their investment strategies against the ever-changing market conditions.
Frequently Asked Questions
What is the amount declared for the distribution?
The monthly distribution is set at $0.05833 CAD per unit.
When are the record and payment dates?
The record date is at the end of the month, with payment being processed soon after.
What are the investment objectives of the Preferred ETF?
The objectives are to provide monthly distributions and capital preservation via preferred shares.
How is the portfolio managed?
The Preferred ETF is actively managed and invests mainly in split share corporations listed on Canadian exchanges.
What risk rating has been assigned to the Preferred ETF?
The ETF has been assigned a 'low' risk rating, indicating a relatively stable investment.
