Strathbridge Asset Management

Canadian Utilities & Telecom Income Fund



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Fund 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.


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


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, 2019
Holding Name % of NAV
Pembina Pipeline Corporation      7.3%
Enbridge Inc.      6.9%
TransCanada Corporation      6.3%
Gibson Energy Inc.      6.3%
Emera Incorporated      6.2%
Canadian Utilities Limited      6.1%
Fortis Inc.      6.1%
Algonquin Power & Utilities Corp.      5.4%
Parkland Fuel Corp.      5.3%
TransAlta Corporation      5.3%
Sector Allocations



As of 07-15-2019
Current NAV for UTE.UN: $9.67
Market Price: $9.39
Last Traded: 07-16-2019
View Historical NAV  
 Quick Facts
Inception Date: 12-17-2010
Total Assets As of 03-29-2019: $16.08 mm
Management Fee: 1.1%
Service Fee: 0.4%
 Distributions & Tax
Current Distributions for UTE.UN: $0.06
Current Yield: 7.13%
View Historical Distributions  
UTE: Declares Monthly Fund Distribution
UTE: Declares Monthly Fund Distribution
UTE: Declares Monthly Fund Distribution
UTE: Declares Monthly Fund Distirbution
UTE: Announces Year End Results
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