Mulvihill Enhanced Split Preferred Share ETF Announces Semi-Annual Results
The Fund is a mutual fund investment trust that seeks to provide unitholders with (a) monthly distributions and (b) the opportunity for capital preservation through exposure to a portfolio consisting primarily preferred shares offered by Canadian split share corporations listed on a Canadian exchange.
The Fund may also seek to acquire preferred shares of split share corporations in their initial public or follow on offerings.
The Fund may also hold Class A shares of Canadian split share corporations listed on a Canadian exchange at the discretion of the Manager.
The Fund seeks to achieve a 10.0 percent yield, with additional capital growth potential beyond such yield target.
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