Fund Profiles

Lysander-Slater Preferred Share Dividend Fund

LYZ920 A/F

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.

Lysander-Slater Preferred Share ActivETF

TSX Ticker: PR

Objectives

The ActivETF seeks to generate income while preserving investor capital by investing primarily in preferred shares of Canadian entities that are listed on a Canadian stock exchange.

Investment Philosophy

Our approach to investing in preferred shares is focused on identifying high quality preferred shares that are at a discount to the market. We feel that buying opportunities are created in the preferred share market due to the lack of liquidity. By monitoring price movements of all preferred shares on an ongoing basis, the Lysander-Slater funds aim to purchase oversold securities that are of good credit, good structure, and offer cheap relative value.

Due to the ongoing offering of new and innovative preferred shares, we are committed to active management to ensure prudent risk management. Typical preferred share managers might rely on the merits of a preferred share at time of issuance, and passively hold such positions. However, recent history has demonstrated that what constitutes a quality preferred share now, may not be true in the near future. We feel that there is an essential need for ongoing monitoring of preferred share valuation.