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Canadian Utilities & Telecom Income Fund

 

UTE.UN

Fact SheetFact Sheet

Fund Overview

Overview

The Fund is a closed-end investment trust that invests in the utilities and telecommunications sectors and utilizes Strathbridge’s proprietary SSO covered call writing strategy to enhance the income generated by the portfolio and to reduce volatility.

Rationale

These sectors typically demonstrate predictable cash flows, high and growing dividends and are generally viewed as defensive investments. The Fund is appropriate for those investors looking for exposure to the Canadian utility and telecommunications sectors while earning attractive distributions with lower volatility.

Distributions

Distributions are calculated and paid monthly based on 7.0% per annum of the net asset value of the Fund.

Portfolio

The portfolio will generally consist of 15-20 issuers with approximately 2/3 from the utility sector and 1/3 from the telecommunications sector.

Top 10 Holdings as of March 31, 2015
Holding Name % of NAV
BROOKFIELD RENEWABLE ENERGY      7.3%
TRANSALTA CORP      6.6%
NORTHLAND POWER INC      6.6%
SUPERIOR PLUS CORP      6.0%
EMERA INC      5.9%
FORTIS INC      5.8%
KEYERA CORP      5.7%
TELUS CORP      5.4%
ENBRIDGE INC      5.4%
GIBSON ENERGY INC      5.1%
Sector Allocations

 

 

 Pricing
As of 07/24/2015
Current NAV for UTE.UN: $10.94
Market Price: $10.62
Last Traded: 07/27/2015 3:20pm
View Historical NAV  
 Quick Facts
Inception Date: 12/17/2010
Total Assets As of 03/31/2015: $42.78 mm
Management Fee: 1.1%
 Distributions & Tax
Current Distributions for UTE.UN: $0.07
Current Yield: 7.42%
View Historical Distributions  
 News
7/6/2015
UTE: Declares Monthly Fund Distribution
6/3/2015
UTE: Declares Monthly Fund Distribution
5/4/2015
UTE: Declares Monthly Fund Distribution
4/2/2015
UTE: Declares Monthy Fund Distribution
3/26/2015
UTE: Announces Year End Results
View More News
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