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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 June 30, 2015
Holding Name % of NAV
TELUS CORP      9.0%
ROGERS COMMUNICATIONS INC-B      8.5%
BCE INC      8.3%
PEMBINA PIPELINE CORP      6.0%
PARKLAND FUEL CORP      5.6%
COGECO CABLE INC      5.5%
SHAW COMMUNICATIONS INC-B      5.1%
ALGONQUIN POWER & UTILITIES      5.0%
TRANSCANADA CORP      5.0%
CASH AND SHORT-TERM INVESTMENTS      4.3%
Sector Allocations

 

 

 Pricing
As of 09/02/2015
Current NAV for UTE.UN: $10.50
Market Price: $10.16
Last Traded: 09/03/2015 2:40pm
View Historical NAV  
 Quick Facts
Inception Date: 12/17/2010
Total Assets As of 06/30/2015: $39.24 mm
Management Fee: 1.1%
 Distributions & Tax
Current Distributions for UTE.UN: $0.06
Current Yield: 7.23%
View Historical Distributions  
 News
9/3/2015
UTE: Declares Monthly Fund Distribution
8/21/2015
UTE: Announces Semi-Annual Results
8/5/2015
UTE: Declares Monthly Fund Distribution
7/6/2015
UTE: Declares Monthly Fund Distribution
6/3/2015
UTE: Declares Monthly Fund Distribution
View More News
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