LYZ920F

Lysander-Slater
Preferred Share Dividend Fund
Series F

Series
Key Documents
Fund Profile
Fund Facts
Prospectus
Lysander Funds Ltd.

Overview

  • Asset Class
    Preferred Shares
  • CIFSC Category
    Preferred Share Fixed Income
  • Risk Rating
    Medium
  • Number of Securities
    100
  • Current Yield
    6.2%

NAV

  • CAD $ NAV
    7.46
  • Change NAV $
    0.00
  • Change NAV %
    0.00
  • Date
    2023-09-21

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

August 31, 2023
Inception Date December 30, 2014
Currency CAD
Fund AUM $59.9 Million
NAVPU $7.42
Management Fee 0.75%
MER as of June 30, 2023 (unaudited) 0.99%
Minimum Initial Investment $500
Minimum Subsequent Investment $100
Liquidity Daily
RRSP Eligible Yes
▲ The NAVs posted are post-distribution

Portfolio Characteristics

Number of Securities 100
Current Yield (%) 6.2%

Portfolio

Top 10 Holdings

Security % of Fund
Canadian Dollar 4.5%
Bank Of Montreal $1000 Preferred 7.057%        3.1%
Bank Of Montreal $1000 Preferred 7.37%          2.9%
TC Energy Corp Preferred                            2.8%
Royal Bank Of Canada 4.5% Lrcn                            2.6%
CIBC $1000 Preferred 7.37%                                       2.5%
TD Bank $1000 Preferred 7.23% 2.5%
TC Energy Corp Preferred                                         2.4%
Altagas Ltd Preferred                                               2.2%
Canada 3Mth T-Bill (09/14/2023)                     2.0%
Total 27.5%

Performance

Inception Date

December 30, 2014

As of Date

August 31, 2023

Compound Returns

1 Month 3 Months YTD 1 Year 3 Year
(Annualized)		 5 Year
(Annualized)		 Since Inception
(Annualized)
Fund -3.2% -1.1% -0.7% -11.1% 4.7% -1.7% 0.5%
Benchmark -4.2% -1.6% -2.7% -12.3% 0.8% -1.3% 0.0%

Calendar Year Returns

Distributions

Distributions

Distribution Frequency Monthly
Most Recent Distribution per Unit $0.0307
12-Month Trailing Distribution Yield 4.4%
Next Record Date September 28, 2023
Next Distribution Date September 29, 2023

Monthly Distributions

Record Date Distribution Date
January 26, 2023 January 27, 2023
February 23, 2023 February 24, 2023
March 30, 2023 March 31, 2023
April 27, 2023 April 28, 2023
May 25, 2023 May 26, 2023
June 29, 2023 June 30, 2023
July 27, 2023 July 28, 2023
August 24, 2023 August 25, 2023
September 28, 2023 September 29, 2023
October 26, 2023 October 27, 2023
November 23, 2023 November 24, 2023
December 14, 2023 December 15, 2023
Distributions ($)/Unit2 YTD* 2022 2021 2020 2019 2018 2017 2016 2015
Total Distributions 0.2359 0.3243 0.3440 0.3525 0.3533 0.4238 0.4321 0.3228 0.1809
Interest - 0.0029 0.0036 - - - - - -
Dividends - 0.3213 0.2444 0.3525 0.3533 0.3174 0.3319 0.3228 0.1793
Capital Gains - - - - - 0.1064 0.1002 - -
Withholding Tax - - - - - - - - -
Return of Capital - - 0.0961 - - - - - 0.0016
*The final tax character will be determined based on the Fund’s tax year end information.

Resources

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. 1TSX © Copyright 2023 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.