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Canadian Utilities & Telecom Income Fund

Fact SheetFact SheetFund UpdateFund Update

 

UTE.UN

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. In addition, the Fund may write cash covered put options in respect of securities in which it is permitted to invest.

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 June 30, 2014
Holding Name % of NAV
KEYERA CORP      7.8%
PEMBINA PIPELINE CORP      7.4%
INTER PIPELINE LTD      7.4%
TELUS CORP      7.1%
ENBRIDGE INCOME FUND HOLDING      7.1%
GIBSON ENERGY INC      7.0%
ALTAGAS LTD      6.7%
CASH      6.5%
VERESEN INC      5.4%
NORTHLAND POWER INC      4.3%
Sector Allocations

 

 

 Pricing
As of 09/29/2014
Current NAV for UTE.UN: $12.59
Market Price: $12.40
Last Traded: 09/30/2014 1:28pm
View Historical NAV  
 Quick Facts
Inception Date: 12/17/2010
Total Assets As of 06/30/2014: $45.69 mm
Management Fee: 1.1%
 Distributions & Tax
Current Distributions for UTE.UN: $0.08
Current Yield: 7.53%
View Historical Distributions  
 News
9/3/2014
UTE: Declares Monthly Fund Distribution
8/28/2014
UTE: Announces Semi-Annual Results
8/5/2014
UTE: Declares Monthly Fund Distributions
7/3/2014
UTE: Declares Monthly Fund Distributions
6/3/2014
UTE: Declares Monthly Fund Distributions
View More News
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