Mulvihill Enhanced Split Preferred Share ETF Announces Semi-Annual Results
The Fund is a mutual fund investment trust that seeks to provide unitholders with (a) monthly distributions and (b) the opportunity for capital preservation through exposure to a portfolio consisting primarily preferred shares offered by Canadian split share corporations listed on a Canadian exchange.
The Fund may also seek to acquire preferred shares of split share corporations in their initial public or follow on offerings.
The Fund may also hold Class A shares of Canadian split share corporations listed on a Canadian exchange at the discretion of the Manager.
The Fund seeks to achieve a 10.0 percent yield, with additional capital growth potential beyond such yield target.
Read More
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on financialpost.com — the content belongs to Financial Post.