Sustainable Power & Infrastructure Split Corp.

  • Closing Price (Sep 29, 2022)
    $7.37
  • NAV (Sep 29, 2022)
    $5.89
  • Distribution Rate(1) (Sep 30, 2022)
    10.86%
  • Unit NAV (Sep 29, 2022)
    $16.01
  • Total Assets (Aug 31, 2022)
    $65 Million
  • Closing Price (Sep 28, 2022)
    $9.50
  • NAV (Sep 29, 2022)
    $10.12
  • Distribution Rate (Sep 30, 2022)
    5.26%
  • Unit NAV (Sep 29, 2022)
    $16.01
  • Total Assets (Aug 31, 2022)
    $65 Million

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) (Sep 30, 2022)
    3,732,166
  • Ticker (Preferred Shares)
    PWI.PR.A
  • CUSIP (Preferred Shares)
    86934R209
  • Outstanding (Preferred Shares) (Sep 30, 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

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.

Sustainable Power & Infrastructure Split Corp.

Summary of Investment Portfolio as at August 31, 2022

Total Net Asset Value$64,604,000

Top 25 Holdings

% of Portfolio% of Net Asset Value
Cash and short-term investments4.8%
Brompton Sustainable Real Assets Dividend ETF4.6%
Brookfield Infrastructure Partners LP3.9%
Nextera Energy Inc3.9%
ONEOK Inc3.8%
ON Semiconductor Corp3.8%
SBA Communications Corp3.7%
Williams Companies Inc3.5%
Albemarle Corp3.5%
Telus Corp3.4%
BCE Inc3.3%
Exelon Corp3.3%
Capital Power Corp3.3%
T-Mobile US Inc3.2%
Hitachi Ltd3.2%
Linde PLC3.2%
Waste Management Inc3.2%
Prologis Inc3.1%
National Grid PLC3.1%
Canadian National Railway Co3.0%
Roper Technologies Inc3.0%
Canadian Pacific Railway Ltd3.0%
Enbridge Inc2.9%
Union Pacific Corp2.9%
Waste Connections Inc2.8%
Total0%85.4%
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 (22.5%) (18.1%) (9.2%)
Sustainable Power & Infrastructure Split Corp. - Preferred 3.4% 5.1% 5.1%
Sustainable Power & Infrastructure Split Corp. - Unit (9.6%) (6.3%) (1.6%)

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

Preferred 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
Sep 30, 2022 Oct 17, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.12500
Jun 30, 2022 Jul 15, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.12500
Mar 31, 2022 Apr 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.12500
Dec 31, 2021 Jan 17, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.12500
Sep 30, 2021 Oct 15, 2021 0.00000 0.05228 0.00000 0.00000 0.00000 0.07272 0.12500
Jun 30, 2021 Jul 15, 2021 0.00000 0.02356 0.00000 0.00000 0.00000 0.03276 0.05632
Total 0.00000 0.07584 0.00000 0.00000 0.00000 0.10548 0.68132
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