Description

This actively managed fund is designed to deliver consistent monthly income distributions and safeguard capital. Its primary investment focus is on preferred shares issued by Canadian split share corporations listed on Canadian exchanges. Split share corporations are structured to separate the risk and return characteristics of dividends and capital gains into distinct revenue streams for different investor profiles, typically through common and preferred stock issuances. By concentrating solely on preferred shares, the fund managers aim to offer investors a diversified source of preferred dividend income and potentially enhance the stability of their preferred share portfolios. As Canada's first ETF specializing in split preferred shares, the fund also has the latitude to invest in preferred shares from other issuers, various investment funds and ETFs, equities, income-generating securities, and convertible instruments. Furthermore, it may employ derivative strategies, hedge foreign currency exposures, or engage in securities lending.