Sustainable Power & Infrastructure Split Corp.

  • Closing Price (Dec 05, 2022)
    $8.38
  • NAV (Dec 05, 2022)
    $7.17
  • Distribution Rate(1) (Dec 06, 2022)
    9.55%
  • Unit NAV (Dec 05, 2022)
    $17.26
  • Total Assets (Nov 30, 2022)
    $66 Million
  • Closing Price (Dec 05, 2022)
    $9.25
  • NAV (Dec 05, 2022)
    $10.09
  • Distribution Rate (Dec 06, 2022)
    5.41%
  • Unit NAV (Dec 05, 2022)
    $17.26
  • Total Assets (Nov 30, 2022)
    $66 Million
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Why Invest?

  • Actively managed global portfolio of sustainable power & infrastructure companies
  • First ESG-integrated Split Corp. in Canada
  • Opportunity to invest & participate in the multi-decade transition towards decarbonization and sustainability
  • Regular distributions paid by Class A and Preferred Shares(1)
  • Potential for enhanced capital appreciation for Class A Shares due to leveraged exposure to the portfolio

Preferred Shares:

  • 5-year initial term, subject to extension for periods of up to five years, as determined by the board of directors
  • Quarterly cumulative preferred distributions (primarily eligible Canadian dividends)
  • Dividend resets at end-of-term extension, based on comparable market yields, without complicated reset formulas
  • Shareholder’s option to redeem at end-of-term, with no restrictions

Class A Shares:

  • Monthly distributions (primarily return of capital)(1)
  • Opportunity for capital appreciation
  • Shareholder’s option to redeem at end-of-term, with no restrictions
  • Dividend Reinvestment Plan (DRIP) available

FUND FACTS

  • Ticker (Class A Shares)
    PWI
  • CUSIP (Class A Shares)
    86934R100
  • Outstanding (Class A Shares) (Dec 06, 2022)
    3,732,166
  • Ticker (Preferred Shares)
    PWI.PR.A
  • CUSIP (Preferred Shares)
    86934R209
  • Outstanding (Preferred Shares) (Dec 06, 2022)
    3,221,666
  • Maturity Date(2)
    May 29, 2026
  • Inception Date (CAD Hedged)
    May 21, 2021
  • Manager/Portfolio Manager
    Brompton Funds Limited
  • Auditor
    PricewaterhouseCoopers LLP
  • Currency
    CAD
  • Custodian
    CIBC Mellon Trust Company
  • Transfer Agent
    TSX Trust Company
  • Eligibility
    All registered and non-registered accounts
  • Annual Concurrent Retraction Date
    Second last business day of May, commencing in 2023
  • Annual Retraction Notice Deadline
    10 Business Days prior to the annual concurrent retraction date
  • Special Non-Concurrent Retraction Date
    May 29, 2026
  • ESG Score(3)
    B+

Manager/Portfolio Manager

Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds. Brompton’s Portfolio Management team specializes in Canadian and global equity investments and is a leading manager of covered call writing strategies in Canada.

(1) No distributions will be paid on the Class A Shares if (i) the distributions payable on the Preferred Shares are in arrears, or (ii) in respect of a cash distribution, after the payment of a cash distribution by the Company the NAV per Unit would be less than $15.00.

(2) Subject to the extension of the term for periods of up to five years as determined by the board of directors. The announcement of any extension will be made by news release at least 60 days prior to the then current termination date.

(3) Source: Refinitiv, as at October 31, 2022. Reflects the weighted average ESG Score of the companies held in the portfolio, with ESG Score coverage on 98% of the Fund’s portfolio, excluding holdings in investment funds. The ESG Score is an overall score of a company based on the reported information in the environmental, social and corporate governance pillars. Letter grades range from D- for the lowest ESG scores to A+ for the highest scores. See https://www.refinitiv.com/content/dam/marketing/en_us/documents/methodology/esg-scores-methodology.pdf for more information.

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Sustainable Power & Infrastructure Split Corp.

Summary of Investment Portfolio as at October 31, 2022

Total Net Asset Value$61,863,000

Top 25 Holdings

% of Portfolio% of Net Asset Value
Brompton Sustainable Real Assets Dividend ETF4.7%
ONEOK Inc4.1%
Albemarle Corp4.0%
Nextera Energy Inc3.9%
ON Semiconductor Corp3.7%
Williams Companies Inc3.7%
T-Mobile US Inc3.7%
Brookfield Infrastructure Partners LP3.7%
Telus Corp3.5%
Roper Technologies Inc3.4%
SBA Communications Corp3.4%
BCE Inc3.3%
Canadian National Railway Co3.3%
Canadian Pacific Railway Ltd3.3%
Waste Management Inc3.2%
Hitachi Ltd3.2%
Exelon Corp3.1%
Capital Power Corp3.1%
Glencore PLC3.1%
Enbridge Inc3.0%
Prologis Inc3.0%
Waste Connections Inc2.9%
Schneider Electric SE2.9%
Nutrien Ltd2.8%
Jacobs Solutions Inc2.8%
Total0%84.8%

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.

2)Totals may not equal 100% due to rounding.

Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

YTD 1-Year Since Inception(2)
Sustainable Power & Infrastructure Split Corp. - Class A (19.2%) (12.5%) (5.2%)
Sustainable Power & Infrastructure Split Corp. - Preferred 4.7% 5.1% 5.1%
Sustainable Power & Infrastructure Split Corp. - Unit (7.3%) (3.4%) (0.3%)

(1) Returns are for the periods ended November 30, 2022. 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 Class A share and per unit, or the redemption price per Preferred share and assumes that distributions made by the Fund on the Class A shares, Preferred shares and units in the periods shown were reinvested (at Net Asset Value per Class A share and per unit, or the redemption price per Preferred share) in additional Class A shares, units and Preferred shares of the Fund. The table above also shows the Fund’s compound returns on a Class A share, Preferred share and unit for each period indicated.

(2) Period from May 21, 2021 (commencement of operations) to November 30, 2022.

Returns for Sustainable Power & Infrastructure Split Corp. are unaudited.

You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment fund on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”).  If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares 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 shares 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 share 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.

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Distributions

For the purposes of the Income Tax (Canada) and any similar provincial legislation, to the extent that distributions on either the Class A or Preferred shares are characterized as dividend payments, the Company designates any and all dividends paid on both its Class A and Preferred shares as “eligible dividends” unless the Company indicates otherwise.

The annual breakdown of distributions for tax purposes will be provided to shareholders annually in February. This information will also be posted on the website as soon as it is available.

DRIP Plan

Tax Allocation

The following information is applicable to holders who, for the purpose of the Income Tax Act (Canada), are resident in Canada and hold shares as capital property outside of an RRSP, RRIF, DPSP, RESP or TFSA. Shareholders should receive a T5 slip from their investment dealer providing this information.

T5 supplementary slips will indicate Capital Gains Dividends in Box 18 and Actual Amount of Eligible Dividends in Box 24. Dividend incomes 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.

Select a year

Class A Share

Record Date Payment Date Capital Gains Eligible Dividend Foreign Non- Business Income Foreign Non- Business Income Tax Paid Other Income Return of Capital Total Distribution
Nov 30, 2022 Dec 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.06667
Oct 31, 2022 Nov 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.06667
Sep 30, 2022 Oct 17, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.06667
Aug 31, 2022 Sep 15, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.06667
Jul 29, 2022 Aug 15, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.06667
Jun 30, 2022 Jul 15, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.06667
May 31, 2022 Jun 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.06667
Apr 29, 2022 May 13, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.06667
Mar 31, 2022 Apr 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.06667
Feb 28, 2022 Mar 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.06667
Jan 31, 2022 Feb 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.06667
Dec 31, 2021 Jan 17, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.06667
Total 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.80004
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Quick Contact

General Inquiries: (416) 642-9061|Investor Relations: (416) 642-6000|Toll Free: 1-866-642-6001
Email: info@bromptongroup.com
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