To achieve a high level of monthly cash distributions and the opportunity for capital appreciation by investing in a high income equity portfolio, consisting primarily of dividend paying Canadian equities.
Bloom Investment Counsel, Inc. (“Bloom”) was established in 1985 and specializes in the management of segregated investment portfolios for wealthy individuals, corporations, foundations, institutions and trusts. In addition to its conventional investment management business, Bloom currently manages specialty high-yield equity portfolios comprised of dividend-paying common equity securities, income trusts, and real estate investment trusts. Bloom currently provides investment management services to four TSX-listed, closed-end portfolios.
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Summary of Investment Portfolio as at October 31, 2023
% of Portfolio | % of Net Asset Value | |
---|---|---|
RBC Bankers’ Acceptance 5.15% due Nov 9, 2023 | 8.9% | |
Parkland Corporation | 7.0% | |
Ag Growth International Inc. | 5.8% | |
Premium Brands Holdings Corp. | 5.5% | |
Chemtrade Logistics Income Fund | 5.1% | |
Manulife Financial Corporation | 4.5% | |
Sun Life Financial Inc. | 4.5% | |
Keyera Corp. | 4.4% | |
Goeasy Ltd. | 4.2% | |
Canadian Tire Corp. | 4.0% | |
Toronto-Dominion Bank | 4.0% | |
Enbridge Inc. | 4.0% | |
Gibson Energy Inc. | 3.8% | |
Superior Plus Corp. | 3.5% | |
Transcontinental Inc. | 3.4% | |
TFI International Inc. | 3.3% | |
Bank of Nova Scotia | 3.3% | |
Altus Group Limited | 2.9% | |
Park Lawn Corporation | 2.8% | |
Cash | 2.8% | |
Boralex Inc. | 2.6% | |
Northland Power Inc. | 2.3% | |
Propel Holdings Inc. | 1.9% | |
Telus Corporation | 1.7% | |
Rogers Communications Inc. | 1.5% | |
Total | 0% | 97.7% |
1)The investment portfolio may change due to ongoing portfolio transactions of the investment fund. Quarterly updates are available on the Fund's website at www.bromptongroup.com within 60 days of each quarter end.
YTD | 1-Year | 3-Year | 5-Year | 10-Year | Since Inception(2) | |
---|---|---|---|---|---|---|
Blue Ribbon Income Fund | (2.6%) | 2.7% | 7.2% | 2.6% | 2.2% | 8.2% |
2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Blue Ribbon Income Fund | (7.1%) | 19.3% | (5.1%) | 22.3% | (16.6%) | 2.6% | 30.0% | (13.3%) | (2.6%) | 14.9% | 4.1% |
(1) Returns are for the periods ended October 31, 2023. The table above shows the past performance of the Fund. Past performance does not necessarily indicate how the Fund will perform in the future. The information shown is based on Net Asset Value per unit and assumes that cash distributions made by the Fund and deemed distributions based on the intrinsic value of the rights/warrants at approximately the exercise date of the rights/warrants in the periods shown were reinvested at Net Asset Value per unit in additional units of the Fund. The tables above show the Fund’s year-by-year and compound returns for each period indicated.
(2) Period from September 16, 1997 (commencement of operations) to December 31, 2022.
Returns for Blue Ribbon Income Fund (“RBN.UN”) are unaudited. Certain returns for RBN.UN were calculated based on publicly available information and accounting records in each case prepared by a prior administrator of RBN.UN.
You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them.
There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the public filings available at www.sedar.com. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
The actual breakdown of distributions for tax purposes will be provided to unitholders annually in March as soon as possible following receipt of the information from the Fund’s individual holdings. 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.
Investors may elect to automatically reinvest their distributions in additional units of the Fund and realize the benefits of compound growth. Any units acquired pursuant to the distribution reinvestment program qualify for the service fee. DRIP Plan
The following information is applicable to holders who, for the purposes of the Income Tax Act (Canada), are resident in Canada and hold trust units as capital property. If this is not the case, a tax advisor should be consulted.
Holders of trust units outside of a RRSP, DPSP, RRIF, RESP or TFSA should expect to receive a T3 slip from their investment dealer. T3 supplementary slips will indicate Other Income (Investment Income and Non-Investment Income) in Box 26, Foreign Business Income in Box 24, Foreign Non-Business Income in Box 25, Capital Gains in Box 21 and Eligible Dividend Income in Box 49. Dividend income is subject to the standard gross up and federal dividend tax credit rules.
The return of capital component is a non-taxable amount that serves to reduce the adjusted cost base of the Fund units and is reported in Box 42.
Record Date | Payment Date | Capital Gains | Eligible Dividend | Foreign Non- Business Income Tax Paid | Other Income | Return of Capital | Total Distribution |
---|---|---|---|---|---|---|---|
Dec 29, 2023 | Jan 15, 2024 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04000 |
Nov 30, 2023 | Dec 14, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04000 |
Oct 31, 2023 | Nov 14, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04000 |
Sep 30, 2023 | Oct 16, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04000 |
Aug 31, 2023 | Sep 15, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04000 |
Jul 31, 2023 | Aug 15, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04000 |
Jun 30, 2023 | Jul 17, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04000 |
May 31, 2023 | Jun 14, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04000 |
Apr 28, 2023 | May 12, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04000 |
Mar 31, 2023 | Apr 17, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04000 |
Feb 28, 2023 | Mar 14, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04000 |
Jan 31, 2023 | Feb 14, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04000 |
Total | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.48000 |
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