Flaherty & Crumrine Incorporated: 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.
Market Data provided by TMX, and powered by QuoteMedia
Summary of Investment Portfolio as at March 31, 2021
% of Portfolio | % of Net Asset Value | |
---|---|---|
Metlife Inc., 10.75%% due August 01, 2039 | 6.2% | 9.4% |
Liberty Mutual Insurance, 7.697%% due October 15, 2097 | 6.2% | 9.3% |
HSBC Capital Funding LP, 10.176%% due December 31, 2049 | 5.8% | 8.6% |
Delphi Financial Group, 3.38763%% due May 15, 2037 | 5.2% | 7.8% |
Enterprise Products Operating L.P., 5.25%% due August 16, 2077 | 4.8% | 7.1% |
Provident Financing TR I, 7.405%% due March 15, 2038 | 4.5% | 6.8% |
Partnerre Finance II, 2.5155%% due December 01, 2066 | 4.2% | 6.3% |
BNP Paribas, 7.375%% due December 31, 2049 | 3.4% | 5.1% |
Integrys Energy Group, 6.00%% due August 01, 2073 | 3.4% | 5.1% |
Royal Bank Of Canada, 4.50%% due November 24, 2080 | 2.7% | 4.1% |
Everest Reinsurance Holdings, 2.57875%% due May 15, 2037 | 2.7% | 4.1% |
Banco Santander, 7.50%% due December 31, 2049 | 2.6% | 3.9% |
Brompton Flaherty & Crumrine Investment Grade Preferred ETF | 2.6% | 3.9% |
Sempra Energy, 5.75%% due July 01, 2079 | 2.6% | 3.9% |
Manulife Financial Corporation, 3.375%% due June 19, 2081 | 2.5% | 3.7% |
Aon Corp., 8.205%% due January 01, 2027 | 2.4% | 3.7% |
Reinsurance Group Of America, 5.75%% due June 15, 2056 | 2.3% | 3.4% |
Cash and short-term investments | 2.3% | 3.4% |
Lloyds Banking Group PLC, 7.50%% due December 31, 2049 | 2.0% | 3.1% |
Enbridge Inc., 6.00%% due January 15, 2077 | 2.0% | 3.1% |
Credit Agricole S.A., 7.875%% due December 31, 2049 | 2.0% | 3.0% |
Energy Transfer Operating, 7.60%% due December 31, 2049 | 2.0% | 3.0% |
Liberty Mutual Group, 7.80%% due March 15, 2037 | 2.0% | 2.9% |
Southern Company, 4.00%% due January 15, 2051 | 1.8% | 2.7% |
Lincoln National Corp., 2.549%% due May 17, 2066 | 1.7% | 2.6% |
Total | 79.9% | 120% |
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(3) | |
---|---|---|---|---|---|---|
Flaherty & Crumrine Investment Grade Preferred Income Fund | (0.3%) | 39.2% | 5.5% | 7.6% | 9.3% | 5.6% |
2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Flaherty & Crumrine Investment Grade Preferred Income Fund | (0.3%) | 27.3% | (9.2%) | 15.9% | 7.7% | 0.9% | 20.4% | 5.1% | 28.0% | 7.4% | 30.2% |
(1) The chart is hypothetical and intended for illustrative purposes only. The chart reflects a hypothetical $10,000 investment based on Net Asset Value per unit and assumes that distributions made by the Fund on its units were reinvested at Net Asset Value per unit in additional units of the Fund. The chart is derived from data supplied by Morningstar. © 2021 Morningstar. All Rights Reserved. The information contained herein: (i) is proprietary to Morningstar and/or its content providers; (ii) may not be copied or distributed; and (iii) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
(2) Returns are for the periods ended March 31, 2021. The tables above show 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 warrants’ intrinsic value at the approximate exercise date of the 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.
(3) Period from December 15, 2004 (commencement of operations) to March 31, 2021.
Returns for Flaherty & Crumrine Investment Grade Fixed Income 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 benchmarks from ICE Data Indices, LLC (“ICE Data”) are used with permission. ICE Data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE Data, its affiliates nor their respective third party providers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE Data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend the Fund.
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.
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 | Other Income | Other Taxable | Return of Capital | Total Distribution |
---|---|---|---|---|---|---|---|---|---|
Mar 31, 2021 | Apr 15, 2021 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.07000 |
Feb 26, 2021 | Mar 12, 2021 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.07000 |
Jan 29, 2021 | Feb 12, 2021 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.07000 |
Dec 31, 2020 | Jan 15, 2021 | 0.00000 | 0.00000 | 0.06785 | (0.00045) | 0.00000 | 0.00000 | 0.00260 | 0.07000 |
Nov 30, 2020 | Dec 14, 2020 | 0.00000 | 0.00000 | 0.06785 | (0.00045) | 0.00000 | 0.00000 | 0.00260 | 0.07000 |
Oct 30, 2020 | Nov 13, 2020 | 0.00000 | 0.00000 | 0.06785 | (0.00045) | 0.00000 | 0.00000 | 0.00260 | 0.07000 |
Sep 30, 2020 | Oct 15, 2020 | 0.00000 | 0.00000 | 0.06785 | (0.00045) | 0.00000 | 0.00000 | 0.00260 | 0.07000 |
Aug 31, 2020 | Sep 15, 2020 | 0.00000 | 0.00000 | 0.06785 | (0.00045) | 0.00000 | 0.00000 | 0.00260 | 0.07000 |
Jul 31, 2020 | Aug 17, 2020 | 0.00000 | 0.00000 | 0.06785 | (0.00045) | 0.00000 | 0.00000 | 0.00260 | 0.07000 |
Jun 30, 2020 | Jul 15, 2020 | 0.00000 | 0.00000 | 0.06785 | (0.00045) | 0.00000 | 0.00000 | 0.00260 | 0.07000 |
May 29, 2020 | Jun 12, 2020 | 0.00000 | 0.00000 | 0.06785 | (0.00045) | 0.00000 | 0.00000 | 0.00260 | 0.07000 |
Apr 30, 2020 | May 14, 2020 | 0.00000 | 0.00000 | 0.06785 | (0.00045) | 0.00000 | 0.00000 | 0.00260 | 0.07000 |
Total | 0.00000 | 0.00000 | 0.61065 | (0.00405) | 0.00000 | 0.00000 | 0.02340 | 0.84000 |
(1) The distribution was automatically reinvested in additional units. Immediately following the issuance, the units of the Fund were automatically consolidated and, as a result, unitholders held the same number of units after the distribution as they held before it. The adjusted cost base of a holder’s units would be increased by the amount of the distributions reinvested in units.
Speak with your Investment Advisor or trade directly through your brokerage.