LYZ920 A
Lysander-Slater
Preferred Share Dividend Fund
Series A

Series

  • Asset Class
    Preferred Shares
  • Category
    Preferred Share Fixed Income
  • Risk Rating
    Medium
  • Number of Securities
    164
  • Current Yield (before fees)
    4.4%

NAV

  • CAD $ NAV
    9.69
  • Change NAV $
    0.02
  • Change NAV %
    0.21
  • Date
    2021-10-21

Objectives

The Fund’s objective is to seek to generate income while preserving investor capital by investing primarily in preferred securities of Canadian issuers that are listed on a Canadian stock exchange.

Investment Focus

The funds objective is to seek to generate income while preserving investor capital by investing primarily in preferred securities of Canadian issuers that are listed on a Canadian stock exchange.

Fund Facts

September 30, 2021
Inception Date December 30, 2014
Currency CAD
Fund AUM $97.7 Million
NAVPU $9.56
Management Fee 1.25%
MER as of June 30, 2021 (unaudited) 1.53%
Minimum Initial Investment $1,000
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes

Portfolio Characteristics

Number of Securities 164
Current Yield (%) 4.4%

The NAVs posted are post-distribution.

Top 10 Holdings

September 30, 2021
Security % of fund
Fortis PFD 2.9%
Canadian Utilities PFD 2.6%
George Weston Limited PFD 2.3%
Fairfax Financial PFD 2.3%
Great West Lifeco PFD 2.1%
Fairfax Financial PFD Series I 2.0%
Thomson Reuters PFD 1.9%
Emera Inc. PFD 1.9%
BCE Inc. PFD 1.5%
Power Financial PFD 1.4%
Total 21.0%

Inception Date

December 30, 2014

As of Date

September 30, 2021

Compound Returns

  • 1 Month
    1.2%
  • 3 Months
    3.1%
  • YTD
    25.9%
  • 1 Year
    38.7%
  • 3 Year
    (Annualized)
    3.4%
  • 5 Year
    (Annualized)
    5.6%
  • Since Inception
    (Annualized)
    3.0%

Calendar Year Returns

Distributions

Distribution Frequency: Monthly
Most Recent Distribution per Unit: $0.0321
12-Month Trailing Distribution Yield: 3.6%
Next Record Date: October 28, 2021
Next Distribution Date: October 29, 2021

Monthly Distributions

Record Date Distribution Date
January 28, 2021 January 29, 2021
February 25, 2021 February 26, 2021
March 25, 2021 March 26, 2021
April 29, 2021 April 30, 2021
May 27, 2021 May 28, 2021
June 24, 2021 June 25, 2021
July 29, 2021 July 30, 2021
August 26, 2021 August 27, 2021
September 23, 2021 September 24, 2021
October 28, 2021 October 29, 2021
November 25, 2021 November 26, 2021
December 16, 2021 December 17, 2021
Distributions ($)/Unit2 YTD* 2020 2019 2018 2017 2016 2015
Total Distributions 0.2886 0.3305 0.3151 0.3854 0.3809 0.2855 0.1451
Interest 0.0000
Dividends 0.3305 0.3151 0.2886 0.2926 0.2855 0.1438
Capital Gains 0.0000 0.0968 0.0883
Withholding Tax 0.0000
Return of Capital 0.0013

*The final tax character will be determined based on the Fund’s tax year end information


    Lysander Funds Limited is the investment fund manager of Lysander-Slater Preferred Share Dividend Fund (the “Fund”). This document is not an invitation to invest in the Fund and does not constitute a public offering of sale. Purchases in the Fund can only be made through an Investment Professional on the terms in the Fund’s offering document by eligible investors. Each purchaser of units in a fund may have statutory or contractual right of action. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed or insured, their values change frequently and past performance may not be repeated. 1 TSX © Copyright 2021 TSX Inc. All Rights Reserved.
    2Distributions are based on the actual number of units outstanding at the relevant time. Distributions are paid in cash or reinvested in additional units. If the series’ net income/capital gains is less than the amounts distributed in the year, the distribution will include a return of capital. In these circumstances, if an investor elects to receive their distributions in cash and not reinvest distributions, it is expected that the value of their investment will decline over time. Distributions are not an indication of performance, rate of return or yield. ® Lysander Funds is a registered trademark of Lysander Funds Limited.