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.
Summary of Investment Portfolio as at March 31, 2023
|% of Portfolio||% of Net Asset Value|
|AG Growth International Inc.||6.4%|
|Premium Brands Holdings Corp.||6.0%|
|Chemtrade Logistics Income Fund||4.6%|
|Park Lawn Corporation||4.6%|
|Transcontinental Inc. Class A||4.3%|
|Manulife Financial Corporation||4.3%|
|Sun Life Financial Inc.||4.2%|
|Canadian Tire Corporation Limited||4.1%|
|Toronto-Dominion Bank (The)||3.9%|
|TFI International Inc.||3.9%|
|Superior Plus Corp.||3.8%|
|Altus Group Limited||3.7%|
|Rogers Communications Inc. Class B||3.6%|
|Bank of Nova Scotia (The)||3.6%|
|Cash and short-term investments||3.5%|
|Gibson Energy Inc.||3.5%|
|Northland Power Inc.||3.4%|
|Allied Properties Real Estate Investment Trust||2.4%|
|Barrick Gold Corporation||1.7%|
|Canadian High Income Equity Fund||(0.2%)||(4.2%)||10.8%||1.6%||2.1%||3.8%|
|Canadian High Income Equity Fund||(6.4%)||18.5%||(2.1%)||19.6%||(20.5%)||2.0%||29.1%||(12.9%)||(2.3%)||11.9%||(3.1%)|
Returns for Canadian High Income Equity Fund are unaudited.
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 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||Foreign Non- Business Income Tax Paid||Investment Income||Return of Capital||Total Distribution|
|Jun 30, 2023||Jul 17, 2023||0.00000||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||0.00000||0.04000|
|Apr 28, 2023||May 12, 2023||0.00000||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||0.00000||0.04000|
|Feb 28, 2023||Mar 14, 2023||0.00000||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||0.00000||0.04000|
|Dec 30, 2022||Jan 16, 2023||0.00000||0.00282||0.00000||0.00000||0.00000||0.03718||0.04000|
|Nov 30, 2022||Dec 14, 2022||0.00000||0.00282||0.00000||0.00000||0.00000||0.03718||0.04000|
|Oct 31, 2022||Nov 14, 2022||0.00000||0.00282||0.00000||0.00000||0.00000||0.03718||0.04000|
|Sep 30, 2022||Oct 17, 2022||0.00000||0.00282||0.00000||0.00000||0.00000||0.03718||0.04000|
|Aug 31, 2022||Sep 15, 2022||0.00000||0.00282||0.00000||0.00000||0.00000||0.03718||0.04000|
|Jul 29, 2022||Aug 15, 2022||0.00000||0.00282||0.00000||0.00000||0.00000||0.03718||0.04000|