Fund Overview
Overview
Mulvihill Canadian Bank Enhanced Yield ETF “CBNK” provides exposure to the "Big Six" Canadian Banks. Modest leverage of 25% enhances the dividend yields of the underlying stocks and provides additional return potential. Option writing strategies are utilized to enhance portfolio income. The funds pays monthly distributions with a 7% yield target per annum, making CBNK the highest yielding Canadian Bank ETF.
Objectives
Mulvihill Canadian Bank Enhanced Yield ETF seeks to provide the Unitholders with long-term capital appreciation through exposure to a portfolio consisting principally of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank and National Bank of Canada and pay monthly cash distributions.
| Name |
Ticker |
Current NAV |
Current Yield |
Recent
Distributions |
Most Recent
Distribution Date |
Distributions
Since Inception |
| Mulvihill Canadian Bank Enhanced Yield ETF |
CBNK |
$8.59 |
8.11%
|
$0.06 |
2024-11-29 |
$1.87 |
Top Holdings
Top 7 Holdings as of September 30, 2024
| Holding Name |
% of Fund |
| Canadian Imperial Bank of Commerce |
17.9% |
| Royal Bank of Canada |
17.1% |
| National Bank of Canada |
16.9% |
| Bank of Nova Scotia/The |
16.0% |
| Bank of Montreal |
15.9% |
| Toronto-Dominion Bank/The |
15.8% |
| Premium Income Corp Pfd A |
0.5% |
| Sector Allocations |
|
Historic Net Asset Value Per Unit
|
Date:
|
NAV Per
Unit |
| 2024-11-21 |
$8.59 |
| 2024-11-20 |
$8.53 |
| 2024-11-19 |
$8.49 |
| 2024-11-18 |
$8.47 |
| 2024-11-15 |
$8.41 |
| 2024-11-14 |
$8.44 |
| 2024-11-13 |
$8.39 |
| 2024-11-12 |
$8.40 |
| 2024-11-11 |
$8.42 |
| 2024-11-08 |
$8.39 |
| 2024-11-07 |
$8.38 |
| 2024-11-06 |
$8.34 |
| 2024-11-05 |
$8.22 |
| 2024-11-04 |
$8.19 |
| 2024-11-01 |
$8.18 |
| 2024-10-31 |
$8.15 |
| 2024-10-30 |
$8.32 |
| 2024-10-29 |
$8.31 |
| 2024-10-28 |
$8.32 |
| 2024-10-25 |
$8.25 |
| 2024-10-24 |
$8.29 |
| 2024-10-23 |
$8.27 |
| 2024-10-22 |
$8.27 |
| 2024-10-21 |
$8.26 |
| 2024-10-18 |
$8.30 |
| 2024-10-17 |
$8.30 |
| 2024-10-16 |
$8.27 |
| 2024-10-15 |
$8.19 |
| 2024-10-11 |
$8.15 |
| 2024-10-10 |
$8.07 |
| 2024-10-09 |
$8.14 |
| 2024-10-08 |
$8.10 |
| 2024-10-07 |
$8.10 |
| 2024-10-04 |
$8.12 |
| 2024-10-03 |
$8.06 |
| 2024-10-02 |
$8.08 |
| 2024-10-01 |
$8.10 |
| 2024-09-30 |
$8.13 |
| 2024-09-27 |
$8.11 |
| 2024-09-26 |
$8.17 |
| 2024-09-25 |
$8.09 |
| 2024-09-24 |
$8.09 |
| 2024-09-23 |
$8.12 |
| 2024-09-20 |
$8.16 |
| 2024-09-19 |
$8.14 |
| 2024-09-18 |
$8.03 |
| 2024-09-17 |
$8.08 |
| 2024-09-16 |
$8.06 |
| 2024-09-13 |
$8.01 |
| 2024-09-12 |
$7.98 |
| 2024-09-11 |
$7.96 |
| 2024-09-10 |
$7.85 |
| 2024-09-09 |
$7.85 |
| 2024-09-06 |
$7.71 |
| 2024-09-05 |
$7.72 |
| 2024-09-04 |
$7.69 |
| 2024-09-03 |
$7.62 |
| 2024-08-30 |
$7.63 |
| 2024-08-29 |
$7.61 |
| 2024-08-28 |
$7.53 |
| 2024-08-27 |
$7.46 |
| 2024-08-26 |
$7.50 |
| 2024-08-23 |
$7.49 |
| 2024-08-22 |
$7.41 |
| 2024-08-21 |
$7.42 |
| 2024-08-20 |
$7.41 |
| 2024-08-19 |
$7.41 |
| 2024-08-16 |
$7.37 |
| 2024-08-15 |
$7.29 |
| 2024-08-14 |
$7.21 |
| 2024-08-13 |
$7.15 |
| 2024-08-12 |
$7.07 |
| 2024-08-09 |
$7.13 |
| 2024-08-08 |
$7.09 |
| 2024-08-07 |
$6.98 |
| 2024-08-06 |
$7.01 |
| 2024-08-02 |
$7.08 |
| 2024-08-01 |
$7.24 |
| 2024-07-31 |
$7.34 |
| 2024-07-30 |
$7.36 |
| 2024-07-29 |
$7.35 |
| 2024-07-26 |
$7.36 |
| 2024-07-25 |
$7.29 |
| 2024-07-24 |
$7.25 |
| 2024-07-23 |
$7.29 |
| 2024-07-22 |
$7.32 |
| 2024-07-19 |
$7.27 |
| 2024-07-18 |
$7.28 |
| 2024-07-17 |
$7.28 |
| 2024-07-16 |
$7.28 |
| 2024-07-15 |
$7.23 |
| 2024-07-12 |
$7.20 |
| 2024-07-11 |
$7.16 |
| 2024-07-10 |
$7.12 |
| 2024-07-09 |
$7.04 |
| 2024-07-08 |
$6.99 |
| 2024-07-05 |
$6.95 |
| 2024-07-04 |
$7.03 |
| 2024-07-03 |
$7.02 |
| 2024-07-02 |
$6.95 |
| 2024-06-28 |
$6.90 |
| 2024-06-27 |
$6.96 |
| 2024-06-26 |
$6.95 |
| 2024-06-25 |
$6.97 |
| 2024-06-24 |
$6.97 |
| 2024-06-21 |
$6.83 |
| 2024-06-20 |
$6.82 |
| 2024-06-19 |
$6.88 |
| 2024-06-18 |
$6.91 |
| 2024-06-17 |
$6.87 |
| 2024-06-14 |
$6.89 |
| 2024-06-13 |
$6.96 |
| 2024-06-12 |
$7.05 |
| 2024-06-11 |
$7.07 |
| 2024-06-10 |
$7.15 |
| 2024-06-07 |
$7.19 |
| 2024-06-06 |
$7.22 |
| 2024-06-05 |
$7.23 |
| 2024-06-04 |
$7.23 |
| 2024-06-03 |
$7.24 |
| 2024-05-31 |
$7.25 |
| 2024-05-30 |
$7.28 |
| 2024-05-29 |
$7.10 |
| 2024-05-28 |
$7.30 |
| 2024-05-27 |
$7.35 |
| 2024-05-24 |
$7.35 |
| 2024-05-23 |
$7.30 |
| 2024-05-22 |
$7.33 |
| 2024-05-21 |
$7.39 |
| 2024-05-17 |
$7.41 |
| 2024-05-16 |
$7.36 |
| 2024-05-15 |
$7.38 |
| 2024-05-14 |
$7.35 |
| 2024-05-13 |
$7.36 |
| 2024-05-10 |
$7.35 |
| 2024-05-09 |
$7.31 |
| 2024-05-08 |
$7.29 |
| 2024-05-07 |
$7.20 |
| 2024-05-06 |
$7.21 |
| 2024-05-03 |
$7.14 |
| 2024-05-02 |
$7.13 |
| 2024-05-01 |
$7.13 |
| 2024-04-30 |
$7.10 |
| 2024-04-29 |
$7.14 |
| 2024-04-26 |
$7.23 |
| 2024-04-25 |
$7.20 |
| 2024-04-24 |
$7.23 |
| 2024-04-23 |
$7.28 |
| 2024-04-22 |
$7.25 |
| 2024-04-19 |
$7.20 |
| 2024-04-18 |
$7.15 |
| 2024-04-17 |
$7.13 |
| 2024-04-16 |
$7.13 |
| 2024-04-15 |
$7.22 |
| 2024-04-12 |
$7.27 |
| 2024-04-11 |
$7.36 |
| 2024-04-10 |
$7.40 |
| 2024-04-09 |
$7.52 |
| 2024-04-08 |
$7.51 |
| 2024-04-05 |
$7.46 |
| 2024-04-04 |
$7.41 |
| 2024-04-03 |
$7.42 |
| 2024-04-02 |
$7.40 |
| 2024-04-01 |
$7.49 |
| 2024-03-28 |
$7.52 |
| 2024-03-27 |
$7.49 |
| 2024-03-26 |
$7.46 |
| 2024-03-25 |
$7.47 |
| 2024-03-22 |
$7.48 |
| 2024-03-21 |
$7.48 |
| 2024-03-20 |
$7.41 |
| 2024-03-19 |
$7.34 |
| 2024-03-18 |
$7.32 |
| 2024-03-15 |
$7.32 |
| 2024-03-14 |
$7.31 |
| 2024-03-13 |
$7.38 |
| 2024-03-12 |
$7.34 |
| 2024-03-11 |
$7.32 |
| 2024-03-08 |
$7.30 |
| 2024-03-07 |
$7.27 |
| 2024-03-06 |
$7.24 |
| 2024-03-05 |
$7.21 |
| 2024-03-04 |
$7.17 |
| 2024-03-01 |
$7.16 |
| 2024-02-29 |
$7.11 |
| 2024-02-28 |
$7.03 |
| 2024-02-27 |
$7.09 |
| 2024-02-26 |
$7.12 |
| 2024-02-23 |
$7.18 |
| 2024-02-22 |
$7.15 |
| 2024-02-21 |
$7.11 |
| 2024-02-20 |
$7.14 |
| 2024-02-16 |
$7.10 |
| 2024-02-15 |
$7.07 |
| 2024-02-14 |
$6.99 |
| 2024-02-13 |
$6.88 |
| 2024-02-12 |
$7.04 |
| 2024-02-09 |
$6.99 |
| 2024-02-08 |
$6.91 |
| 2024-02-07 |
$6.94 |
| 2024-02-06 |
$6.98 |
| 2024-02-05 |
$6.97 |
| 2024-02-02 |
$7.04 |
| 2024-02-01 |
$7.05 |
| 2024-01-31 |
$7.04 |
| 2024-01-30 |
$7.12 |
| 2024-01-29 |
$7.19 |
| 2024-01-26 |
$7.15 |
| 2024-01-25 |
$7.14 |
| 2024-01-24 |
$7.12 |
| 2024-01-23 |
$7.06 |
| 2024-01-22 |
$7.08 |
| 2024-01-19 |
$7.08 |
| 2024-01-18 |
$6.99 |
| 2024-01-17 |
$6.98 |
| 2024-01-16 |
$7.06 |
| 2024-01-15 |
$7.07 |
| 2024-01-12 |
$7.04 |
| 2024-01-11 |
$7.08 |
| 2024-01-10 |
$7.16 |
| 2024-01-09 |
$7.23 |
| 2024-01-08 |
$7.31 |
| 2024-01-05 |
$7.24 |
| 2024-01-04 |
$7.20 |
| 2024-01-03 |
$7.18 |
| 2024-01-02 |
$7.23 |
Distributions & Tax
Mulvihill Canadian Bank Enhanced Yield ETF pays monthly distributions targeting a 7% yield per annum.
Distributions are not fixed but are reviewed and set monthly at the discretion of the Fund.
Most Recent Distributions
| Name |
Ticker |
Current Yield* |
Recent
Distributions |
Most Recent
Distribution Date |
Distributions
Since Inception |
| Mulvihill Canadian Bank Enhanced Yield ETF |
CBNK |
8.11%
|
$0.06 |
2024-11-29 |
$1.87 |
The actual breakdown of distributions for tax purposes will be provided to unitholders annually in March following receipt of the information from the Fund's custodian. This information will also be posted on the website as soon as it is available.
This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.
| Tax and Distribution Summary |
Year Selection: |
| Record Date |
Regular Distribution |
Special Distribution |
Total Distribution |
Capital Gains
per Unit |
Div. Income per Unit |
Return of Capital |
Interest and Other Income |
Foreign Dividend Income |
Witholding Taxes Paid |
| November 2024 |
0.058333 |
0.000000 |
0.058333 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
| October 2024 |
0.058333 |
0.000000 |
0.058333 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
| September 2024 |
0.058333 |
0.000000 |
0.058333 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
| August 2024 |
0.058333 |
0.000000 |
0.058333 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
| July 2024 |
0.058333 |
0.000000 |
0.058333 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
| June 2024 |
0.058333 |
0.000000 |
0.058333 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
| May 2024 |
0.058333 |
0.000000 |
0.058333 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
| April 2024 |
0.058333 |
0.000000 |
0.058333 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
| March 2024 |
0.058333 |
0.000000 |
0.058333 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
| February 2024 |
0.058333 |
0.000000 |
0.058333 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
| January 2024 |
0.058333 |
0.000000 |
0.058333 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
0.000000 |
| Total for 2024 |
|
|
$0.641663 |
$0.000000 |
$0.000000 |
$0.000000 |
$0.000000 |
$0.000000 |
$0.000000 |
| Percent (%) |
|
|
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Total Distributions
to Date |
|
|
$1.924989 |
|
|
|
|
|
|
Portfolio Manager Updates
There are no portfolio manager updates available for this fund.
Fund Features
Objectives
Mulvihill Canadian Bank Enhanced Yield ETF seeks to provide the Unitholders with long-term capital appreciation through exposure to a portfolio consisting principally of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank and National Bank of Canada and pay monthly cash distributions.
Investment Strategy
The fund will invest, primarily in the common shares of the "Big Six" Canadian Banks. The fund will use modest leverage of 25% to enhance the dividend yields of the underlying stocks and provides additional return potential. Option writing strategies are utilized to enhance portfolio income. The fund will, from time to time employ various investment strategies (described below), including the use of derivative instruments to generate income, reduce portfolio volatility and protect capital. The fund seeks to pay monthly distributions, targeting a 7% yield per annum, with additional capital growth potential beyond such yield target.
The fund may (a) from time to time in response to market conditions write covered call options on individual securities to seek to receive premium income, reduce overall portfolio volatility and enhance the portfolio’s total return, (b) from time to time in response to market conditions write cash-covered put options in respect of individual securities that the fund is permitted to hold and in respect of market indices, in order to receive premium income, reduce overall portfolio volatility and reduce the net cost of acquiring the securities subject to put options, (c) purchase call options in respect of securities in which the fund is permitted to invest, (d) purchase put options on individual securities in its portfolio, indexed put options and unleveraged inverse exchange traded funds that provide exposure to such securities, (e) use derivatives, including but not limited to options, forward contracts, futures contracts and swaps for both hedging and non-hedging purposes to generate income, hedge against losses from changes in the prices of the fund’s investments and market declines (f) hold cash or cash equivalents for strategic reasons or to provide cover for the writing of cash covered put options in respect of securities in which the fund is permitted to invest. Options may be either exchange traded or over-the-counter options.
Distributions
The Fund expects to make distributions monthly that may consist of net income, net realized capital gains and/or return of capital, if any.
Eligibility
RRSPs, DPSPs, RRIFs, RESPs and TFSAs
Management Fees
The Fund pays a management fee of 0.65% of net asset value annually to Mulvihill Capital Management for acting as the Manager and the Investment Manager.
MER
The Management Expense Ratio (“MER”) is the sum of all operating expenses, including management and service fees but excluding portfolio transaction costs, expressed as a percentage of average net asset value.
Inception Date
02/25/2022
Manager
Mulvihill Capital Management Inc.
Documentation
|
Date:
|
Type:
|
Description |
| November 04, 2024 |
 |
Press Release |
|
 CBNK: Declares Monthly Fund Distribution |
| October 02, 2024 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| September 03, 2024 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| August 30, 2024 |
|
Press Release |
|
CBNK: Announces Semi-Annual Results 2024 |
| August 29, 2024 |
|
Financial Report |
|
2024 Semi-Annual Report |
| August 29, 2024 |
|
Financial Report |
|
2024 Semi-Annual Report (French) |
| August 02, 2024 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| July 03, 2024 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| June 04, 2024 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| May 03, 2024 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| April 03, 2024 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| March 27, 2024 |
|
Financial Report |
|
2023 Annual Report |
| March 27, 2024 |
|
Financial Report |
|
2023 Annual Report (French) |
| March 27, 2024 |
|
Press Release |
|
CBNK: Announces Year End Results |
| March 05, 2024 |
|
IRC Report |
|
IRC Report for Mulvihill Canadian Bank Enhanced Yield ETF |
| March 05, 2024 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| February 15, 2024 |
|
Fund Fact |
|
ETF Facts |
| February 15, 2024 |
|
Fund Fact |
|
ETF Facts (French) |
| February 15, 2024 |
|
Prospectus |
|
Final Long Form Prospectus |
| February 15, 2024 |
|
Prospectus |
|
Final Long Form Prospectus (French) |
| February 05, 2024 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| January 03, 2024 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| December 06, 2023 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| November 02, 2023 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| October 03, 2023 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| September 05, 2023 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| August 29, 2023 |
|
Financial Report |
|
2023 Semi-Annual Report |
| August 29, 2023 |
|
Financial Report |
|
2023 Semi-Annual Report (French) |
| August 29, 2023 |
|
Press Release |
|
CBNK: Announces Semi-Annual Results 2023 |
| August 02, 2023 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| July 05, 2023 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| June 06, 2023 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| May 03, 2023 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| April 04, 2023 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| March 29, 2023 |
|
Press Release |
|
CBNK: Announces Year End Results |
| March 27, 2023 |
|
Financial Report |
|
2022 Annual Report |
| March 27, 2023 |
|
Financial Report |
|
2022 Annual Report (French) |
| March 03, 2023 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| February 15, 2023 |
|
Fund Fact |
|
ETF Facts |
| February 15, 2023 |
|
Prospectus |
|
Final Long Form Prospectus |
| February 02, 2023 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| January 04, 2023 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| December 05, 2022 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| November 03, 2022 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| October 03, 2022 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| September 02, 2022 |
|
Press Release |
|
CBNK: Announces Semi-Annual Results |
| September 02, 2022 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distriibution |
| August 29, 2022 |
|
Financial Report |
|
2022 Semi-Annual Report |
| August 03, 2022 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| July 05, 2022 |
|
Press Release |
|
CBNK: Declares Monthly Distribution |
| June 03, 2022 |
|
Press Release |
|
CBNK: Declares Monthly Fund Distribution |
| May 04, 2022 |
|
Press Release |
|
CBNK: Declares Monthly Distribution |
| April 04, 2022 |
|
Press Release |
|
CBNK: Declares Monthly Distribution |
| March 24, 2022 |
|
Press Release |
|
Declares Monthly Fudn Distribution (updated payable date) |
| March 23, 2022 |
|
Press Release |
|
Declares Monthly Fund Distribution |
| February 28, 2022 |
|
Press Release |
|
Mulvihill launches Mulvihill Canadian Bank Enhanced Yield ETF |
| February 14, 2022 |
|
Fund Fact |
|
ETF Facts - Units (English) |
| February 14, 2022 |
|
Fund Fact |
|
ETF Facts - Units (French) |
| February 14, 2022 |
|
Prospectus |
|
Final Prospectus (English) |
| February 14, 2022 |
|
Prospectus |
|
Final Prospectus (French) |
Administration & Governance
Introduction
Mulvihill Capital Managent Inc. serves as the Manager and the Investment Manager of the Fund.
Manager
The Manager is responsible for providing or arranging for the provision of administrative services to the Fund including but not limited to:
- authorizing the payment of operating expenses incurred on behalf of the Fund,
- preparing financial statements and other accounting information,
- ensuring that unitholders are provided with annual and semi-annual reports and other reports as required by applicable law;
- ensuring the Fund complies with regulatory requirements;
- calculating and arranging for the payment of distributions;
- negotiating any contractual agreements with third-party providers of services to the Fund, including auditors, printers, registrar and transfer agent
- Overseeing and paying quarterly and annual redemptions;
- Maintaining the website and ongoing communication with investors.
The Management fee payable to the Manager includes any amount payable to the Investment Manager.
Investment Manager
The Investment Manager is responsible for making all investment decisions and managing the call option writing program in accordance with the investment objectives, strategies and restrictions of the Fund. Fees for the provision of investment management services are included in the management fee.
The Investment Manager has an asset mix committee consisting of senior members of the firm. The investment process for the Fund begins at the asset mix committee. Members of this committee meet monthly to examine macro-economic variables and relationships among dominant economic factors. This process culminates in an outlook for the various capital markets around the world and provides the Fundamental basis for Mulvihill’s long-term market outlook. These views are integrated into the investment decision making process at the portfolio management level. The asset mix committee of Mulvihill oversees investment decisions made by the portfolio managers of the Fund.
Independent Review Committee
The Fund has established an Independent Review Committee (“IRC”) in accordance with National Instrument 81-107 – Independent Review Committee for Investment Funds (“NI 81-107”) which is comprised of three members who are independent of the Manager. The mandate of the IRC is to review and provide its decisions to the Manager regarding any conflict of interest matters relating to its management of the Fund that the Manager has identified and brought to the committee.
A conflict of interest matter is a situation where a reasonable person would consider the Manager or an entity related to it to have an interest that may conflict with the Manager’s ability to act in good faith and in the best interests of the Funds and Securityholders. Click here for the IRC Report to Securityholders.
Click here to review members of the IRC.
Trustee and Custodian
Trustee: Mulvihill Capital Management Inc.
Custodian: RBC Investor & Treasury Services
Registrar and Transfer Agent
TSX Trust
Legal Counsel
Osler Hoskin & Harcourt LLP
Auditors
Deloitte & Touche LLP
Financial & Regulatory
The Annual Report and the Interim Report include the Management Report on Fund Performance and the Financial Statements of the Fund.
The Fund has adopted the proxy voting guidelines with respect to the voting of proxies received by it relating to voting securities held by the Fund. The proxy guidelines establish standing policies and procedures for dealing with routine matters, as well as circumstances where deviations may occur from such standing policies. Click here for proxy guidelines.
The Fund has retained ISS Governance Services to administer and implement the proxy guidelines for the Fund. Click here to review the proxy voting record.