RE:RE:RE:RE:RE:RE:RE:I'm out for now. flamingogold wrote: Perhaps a split but what I meant is that unlike Brompton and Quadravest, Canoe doesn't specify a payment threshold to issue a distribution. In weak years they have just lowered the distribution and in strong years they issue a special year-end distribution. As far as I know, it has never been suspended like we often see with Brompton and Quadravest.
"How does the [Canoe EIT Income Fund] determine and support the distribution? Since inception, the Fund has determined the distribution amount and assessed its sustainability based on the return generated from a variety of investment sources, including portfolio dividends, interest, capital gains (both realized and unrealized) and return of capital. The current portfolio manager has employed a total return investment strategy that generally seeks to generate return from dividend growth securities. Record, payment and ex-distribution dates for each distribution will be provided via news release on a monthly basis."
Yes there are other split funds out there , PIC.a now from Mulvihill... has been around for a long time, used to be Strathbridge. They never missed a payment either, but did cut it in half or by 25% when things went sour. It is still considered a split fund even tho it pays QUARTERLY .
Definitely differences even between Quadravest and Brompton... and BK is one of Quadravest split funds, that has a threshhold for paying, but every month the amount is changed.
Lots of different split fund animals out there if you look hard enough. I only track some of Quadravest and Brompton for the most part. BUT i do like Eit.un and its diversity, it just doesnt pay a very high yield.