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Be the first with the news that moves the market- Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF (BEPR) has commenced trading on the TSX
- The conversion was approved by unitholders at a special meeting of unitholders of the Fund held on November 1, 2021
- As of today, the name of the fund has changed to “Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF”
- The fund also offers a distribution reinvestment plan which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth
- Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including exchange-traded funds
- Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF (BEPR) is down 1.23 per cent, trading at C$26.41 at 2:49 pm EST
The Flaherty & Crumrine Investment Grade Preferred Income Fund (BEPR) has been converted to an exchange-traded fund.
The fund now trades on the TSX under the new ticker symbol: BEPR.
The conversion was approved by unitholders at a special meeting of unitholders of the Fund held on November 1, 2021.
As of today, the name of the Fund has changed to “Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF”, and the units of the fund were redesignated as “CAD units”.
As of October 31, the Fund had a 10-year annual compound return of 9.8 per cent. The conversion allows for the continuation of the fund’s successful investment strategy while adding incremental flexibility and increasing the fund’s investible universe.
The fund is the first actively managed leveraged-long-only Fixed Income ETF listed in Canada, offering investors a U.S. preferred strategy with active management by specialists Flaherty & Crumrine Incorporated.
The fund is an attractive option for investors seeking enhanced income in today’s low-interest-rate environment, offering a distribution rate of over 6 per cent by continuing its leveraged investment in a U.S. preferred portfolio comprised of at least 75 per cent investment-grade securities.
The fund also offers a distribution reinvestment plan which provides unitholders with the ability to automatically reinvest distributions, commission-free, and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.
Flaherty & Crumrine Incorporated is the sub-advisor of the fund. FCI was established in 1983 and specializes in US-dollar-denominated preferred securities and corporate debt instruments.
The firm uses 30 years of proprietary data on over 1,500 preferred securities to carry out intensive credit analysis, thorough vetting of securities’ terms and structures, and active portfolio management, with the goal of exploiting pricing inefficiencies in the preferred securities market to provide attractive rates of return to investors.
Founded in 2000, Brompton is an experienced investment fund manager with income-focused investment solutions including exchange-traded funds (ETFs) and other TSX traded investment funds.
Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF (BEPR) is down 1.23 per cent, trading at C$26.41 at 2:49 pm EST.
