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.
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.
| Inception Date | December 30, 2014 |
| Currency | CAD |
| Fund AUM | $98.1 Million |
| NAVPU | $9.80 |
| Management Fee | 0.75% |
| MER as of June 30, 2021 (unaudited) | 0.97% |
| Minimum Initial Investment | $1,000 |
| Minimum Subsequent Investment | $100 |
| Liquidity | Daily |
| RRSP Eligible | Yes |
| Number of Securities | 161 |
| Current Yield (%) | 4.4% |
▲The NAVs posted are post-distribution.
| Security | % of fund | |
|---|---|---|
| Fortis PFD | 2.7% | |
| Fairfax Financial PFD | 2.6% | |
| Canadian Utilities PFD | 2.5% | |
| Fairfax Financial PFD Series I | 2.4% | |
| BMO PFD | 2.3% | |
| Thomson Reuters PFD | 2.3% | |
| George Weston Limited PFD | 2.1% | |
| RBC PFD | 2.0% | |
| Enbridge Inc. cumulative redeemable PFD | 1.9% | |
| Enbridge Inc. PFD | 1.8% | |
| Total | 22.8% | |
| Distribution Frequency: Monthly |
| Most Recent Distribution per Unit: $0.0000 |
| 12-Month Trailing Distribution Yield: 3.5% |
| Next Record Date: January 27, 2022 |
| Next Distribution Date: January 28, 2022 |
| Record Date | Distribution Date |
|---|---|
| January 27, 2022 | January 28, 2022 |
| February 24, 2022 | February 25, 2022 |
| March 24, 2022 | March 25, 2022 |
| April 28, 2022 | April 29, 2022 |
| May 26, 2022 | May 27, 2022 |
| June 23, 2022 | June 24, 2022 |
| July 28, 2022 | July 29, 2022 |
| August 25, 2022 | August 26, 2022 |
| September 29, 2022 | September 30, 2022 |
| October 27, 2022 | October 28, 2022 |
| November 24, 2022 | November 25, 2022 |
| December 15, 2022 | December 16, 2022 |
| Distributions ($)/Unit2 | YTD* | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| Total Distributions | 0.3440 | 0.3525 | 0.3533 | 0.4238 | 0.4321 | 0.3228 | 0.1809 |
| Interest | 0.0000 | ||||||
| Dividends | 0.3525 | 0.3533 | 0.3174 | 0.3319 | 0.3228 | 0.1793 | |
| Capital Gains | 0.0000 | 0.1064 | 0.1002 | ||||
| Withholding Tax | 0.0000 | ||||||
| Return of Capital | 0.0016 |
*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. 1TSX © 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.
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