Toronto, November 26, 2021 (GLOBE NEWSWIRE) — (TSX: BEPRBrompton Funds Limited (“Manager” and “Brompton”), the manager of the Flaherty & Crumrine Investment Grade Preferred Income Fund (TSX: FFI.UN, “Fund”), is a closed-end fund (“conversion”) in which the fund is an exchange-traded fund. “). The conversion was approved by the unitholders at a special meeting of unitholders of the fund held on November 1, 2021.
Starting today, the name of the fund has changed to “Brompton Flaherty & Crumlin”. Enhanced “Investment Grade Priority ETFs” and fund units have been redesignated as “CAD Units”. The fund’s CAD unit is currently trading under BEPR, the ticker symbol of the new Toronto Stock Exchange (“TSX”).
As of October 31, 2021, the fund had a 10-year combined annual rate of return of 9.8%.1.. The conversion will allow the fund to continue its successful investment strategy (as an exchange-traded fund), increase flexibility and expand the fund’s investable territory.
The fund is the first active-managed leveraged long-only fixed income ETF listed in Canada and provides investors with a US priority strategy with active management by specialist Flaherty & Crumrine Incorporated (“FCI”). The fund is an attractive option for investors seeking higher incomes in today’s low interest rate environment, with 6% by continuing to leverage their US preferred portfolio of investment-eligible securities of at least 75%. Provides a distribution rate that exceeds.
The fund also offers a distribution reinvestment plan (“DRIP”) that provides unitholders with the ability to automatically reinvest distributions and realize the benefits of compound interest growth without fees. The unitholder can enroll in the DRIP program by contacting an investment adviser.
About Flaherty & Crumrine
Flaherty & Crumrine Incorporated is a sub-advisor to the fund. Founded in 1983, the FCI specializes in US dollar-denominated preferred securities and corporate debt securities. The company uses 30 years of proprietary data on over 1,500 preferred securities to perform intensive credit analysis, thorough examination of securities conditions and structure, and aggressive portfolio management of the preferred securities market. Our goal is to leverage the inefficiencies of pricing to provide attractive rates. Of returns to investors.
About Brompton Fund
Founded in 2000, Brompton is an experienced investment fund manager offering profit-focused investment solutions, including exchange-traded funds (ETFs) and other TSX trading investment funds. For more information, contact your investment adviser, call Brompton’s Investor Relations Line (416-642-6000) (free, 1-866-642-6001), or send an email to info @ bromptongroup.com. Or visit our website (www.bromptongroup). com.
|Annual compound interest income1||YTD||1 year||3 years||5 years||Decade|
|TSX: BEPR – Brompton Flaherty & Crumlin Enhanced Investment Grade Priority ETF (formerly Flaherty & Crumrine Investment Grade Priority Income Fund)||8.3%||17.7%||9.5%||7.1%||9.8%|
1) Returns are for the period ended October 31, 2021 and have not been audited. This table shows the combined returns of the funds for each of the periods shown. Past performance does not necessarily indicate how the fund will function in the future. The information displayed is based on NAV per unit and assumes that any distributions made by the fund to the unit during the period shown have been reinvested in NAV per unit in additional units of the fund. The table above also shows the combined returns of the funds for each of the periods shown.
Fees, trailing fees, management fees and costs may all be related to exchange-traded funds. Please read the prospectus before investing. The rate of return shown is the historical combined total revenue, including unit price changes and reinvestment of all distributions, and the sales, redemption, distribution or option fees or options paid by the securities holders whose revenues would have declined. Income tax is not taken into account. Exchange-traded funds are not guaranteed, their value changes frequently, and past performance may not be repeated.
The specific statements contained in this document constitute information about the future outlook in the sense of Canadian securities law. Information about the future outlook may relate to the matters disclosed in this document and other matters specified in the publications relating to the fund, the future outlook of the fund and any expected events or consequences, and the fund. May contain statements about future financial performance of. In some cases, information about future prospects may, “do,” “should,” “expect,” “plan,” “expect,” “believe,” and “intention.” Can be identified by terms such as “” and “estimate”. , “Forecast”, “Potential”, “Continued”, or other similar expressions for matters that are not historical facts. Actual results may differ from such forward-looking information. Investors should not place excessive reliance on forward-looking statements. These forward-looking statements are current as of the date of this document and we undertake no obligation to update or revise them to reflect new events or circumstances.
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Brompton Flaherty & Clamlin Enhanced Investment Grade Preferred ETFs Launch in TSX, Canadian Business Journal
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