Update Call with Flaherty & Crumrine (Sept. 30, 2014): listen now
Investment grade portfolio: 100% of portfolio is invested in fixed income securities rated at least investment grade at time of purchase, primarily US Preferred securities, portfolio is highly diversified by issuer and issue.
Fund is rated P-2f rating from Standard & Poor’s
High Monthly Income
Monthly distribution of $0.08 per unit
The portfolio's US dollar exposure is hedged back to Canadian dollars to protect against currency risk.
Established in 1983, Flaherty & Crumrine Incorporated specializes in US dollar denominated preferred securities and corporate debt instruments. The firm uses intensive credit analysis, thorough analysis of securities' terms and structures and active portfolio management, exploiting pricing inefficiencies in the fixed income market to provide attractive rates of return on its funds.
Management fee of 1.0% of net assets per annum, which includes fees payable to the Portfolio Manager
Managed by Brompton Funds Limited, an investment fund manager since 2002.
Market repurchases (issuer bid)