Top-Ranked Portfolio Manager
MFC Global Investment Management, a division of Manulife Financial Corp. - Alan Wicks and his award-winning team are the lead portfolio managers of the Fund and one of the top rated managers of income oriented portfolios in Canada. Mr. Wicks' team manages approximately $1 billion of oil and gas securities.
Income
Pays a high monthly distribution at an annual rate of $0.42 per unit
Low Fees
Management fee of 0.85% of net assets per annum, which includes fees payable to the Portfolio Manager
Liquidity
TSX listing
Annual redemptions
Market repurchases
| TSX Symbol (click for quote) | OGF.UN |
| NAV (Mar 11, 2010) |
$5.33 (Basic)
The basic net asset value per unit is calculated by dividing the net assets of the Fund, which consists of total assets less the aggregate value of the liabilities, not including issued but unexercised warrants, by the total number of units outstanding.
$5.11 (Diluted)
Diluted net asset value per unit assumes the exercise of all outstanding warrants if the closing price per unit on the valuation date is in excess of the warrant exercise price. Total net assets would be increased by the amount of cash received (all warrants outstanding multiplied by the warrant exercise price, less costs) from exercise of the warrants and total units outstanding would be increased by the number of units issued pursuant to the exercise of the warrants. If the closing price per unit on the valuation date is less than the warrant exercise price, the basic and diluted net asset value per unit will be the same.
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| Inception Date | Oct. 7, 2004 |
| Monthly Distribution (Feb 26, 2010) | $0.035 |
| Current Yield | 8.7% per unit (based on current monthly distribution annualized/closing market price as of 3/12/2010) |
| Total Assets (Feb 28, 2010) | $130 million |