Overview
-
Asset ClassPreferred Shares
-
CIFSC CategoryPreferred Share Fixed Income
-
Risk RatingMedium
-
Number of Securities99
-
Current Yield5.9%
Objectives
The Fund’s objective is to seek to generate income while preserving investor capital by investing primarily in preferred securities of Canadian issuers that are listed on a Canadian stock exchange.
Investment Focus
The funds objective is to seek to generate income while preserving investor capital by investing primarily in preferred securities of Canadian issuers that are listed on a Canadian stock exchange.
Fund Facts
November 30, 2024| Inception Date | December 30, 2014 |
| Currency | CAD |
| Fund AUM | $77.2 Million |
| NAVPU | $9.01 |
| Management Fee | 1.25% |
| MER as of June 30, 2024 (unaudited) | 1.52% |
| Minimum Initial Investment | $500 |
| Minimum Subsequent Investment | $100 |
| Liquidity | Daily |
| RSP Eligible | Yes |
Portfolio Characteristics
| Number of Securities | 99 |
| Current Yield (%) | 5.9% |
Portfolio
Top 10 Holdings
| Security | % of Fund |
|---|---|
| Royal Bank Of Canada $1000 Preferred 7.408% | 6.5% |
| Bank Of Montreal $1000 Preferred 7.057% | 4.4% |
| Bank Of Montreal $1000 Preferred 7.37% | 4.3% |
| CIBC $1000 Preferred 7.365% | 3.9% |
| CIBC $1000 Preferred 7.337% | 3.9% |
| Purpose Higher Interest Etf (Psa) | 3.2% |
| Enbridge Preferred | 2.7% |
| Fairfax Preferred | 2.5% |
| Fairfax Preferred | 2.5% |
| Enbridge Preferred | 2.3% |
| Total | 36.2% |
Performance
Inception Date
December 30, 2014
As of Date
November 30, 2024
Compound Returns
| 1 Month | 3 Months | YTD | 1 Year | 3 Year (Annualized) |
5 Year (Annualized) |
Since Inception (Annualized) |
|
| Fund | 2.0% | 1.8% | 20.7% | 21.5% | 2.1% | 6.7% | 2.7% |
| Benchmark | 2.3% | 1.4% | 21.6% | 22.6% | 2.2% | 6.5% | 2.8% |
Calendar Year Returns
Distributions
Distributions
| Distribution Frequency | Monthly |
| Most Recent Distribution per Unit | $0.0370 |
| 12-Month Trailing Distribution Yield | 4.6% |
| Next Record Date | December 19, 2024 |
| Next Distribution Date | December 20, 2024 |
Monthly Distributions
| Record Date | Distribution Date |
|---|---|
| January 30, 2025 | January 31, 2025 |
| February 27, 2025 | February 28, 2025 |
| March 27, 2025 | March 28, 2025 |
| April 24, 2025 | April 25, 2025 |
| May 29, 2025 | May 30, 2025 |
| June 26, 2025 | June 27, 2025 |
| July 24, 2025 | July 25, 2025 |
| August 28, 2025 | August 29, 2025 |
| September 25, 2025 | September 26, 2025 |
| October 30, 2025 | October 31, 2025 |
| November 27, 2025 | November 28, 2025 |
| December 18, 2025 | December 19, 2025 |
| Distributions ($)/Unit2 | YTD* | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Distributions | 0.3836 | 0.3340 | 0.3040 | 0.3217 | 0.3305 | 0.3151 | 0.3854 | 0.3809 | 0.2855 | 0.1451 |
| Interest | - | 0.0074 | 0.0027 | 0.0033 | - | - | - | - | - | - |
| Dividends | - | 0.3266 | 0.3013 | 0.2285 | 0.3305 | 0.3151 | 0.2886 | 0.2926 | 0.2855 | 0.1438 |
| Capital Gains | - | - | - | - | - | - | 0.0968 | 0.0883 | - | - |
| Withholding Tax | - | - | - | - | - | - | - | - | - | - |
| Return of Capital | - | - | - | 0.0898 | - | - | - | - | - | 0.0013 |
Documents
Fund Profile
Regulatory Documents
Final Tax Year End Distributions
Final Tax Factors
Resources
Slater Quarterly Recap – Q4 2024
The Canadian Preferred Share market had another strong quarter in Q4, 2024 to finish off a strong year in Preferred Shares, with the S&P/TSX Preferred Share Total Return Index (the “Index”) up 3.5% in Q4, and…
Slater Recap – September 2024
We are pleased to announce that, in the 12-month period ending August 31, 2024, Series F of Lysander-Slater Preferred Share Dividend Fund (the “Fund”) and Lysander-Slater Preferred Share ActivETF (Ticker: “PR”) (the “ETF”) were up 30%…
Slater Quarterly Recap – December 2023
The Canadian Preferred Share market was positive 2 out of 3 months in Q4/2023 and finished the year off strongly. Overall, the S&P/TSX Preferred Share Total Return Index (the “Index”) was up 7.23% in Q4/2023. Series…
Slater Quarterly Recap – July 2023
The Canadian Preferred Share market lost ground in April and May, but recovered some of those losses in June. Overall, the S&P/TSX Preferred Share Total Return Index (the “Index”) was down 2.07% in Q2/23. Similarly, Series…
Lysander Funds Limited Announces Changes to Lysander-Slater Preferred Share ActivETF
TORONTO, Ontario – June 19, 2023 – Lysander Funds Limited (“Lysander”) announced today changes in the investment strategies of Lysander-Slater Preferred Share ActivETF (the “Lysander ActivETF”). The Lysander ActivETF may invest up to 30% of its net asset value,…
Slater Quarterly Recap – April 2023
The Canadian Preferred Share market started off strongly in January, but then lost some ground in February and March. Overall however, the S&P/TSX Preferred Share Total Return Index (the “Index”) posted a 2.27% gain in the…