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U.S. Financials Income Fund

 

USF.UN
CLASS U

Distributions & Tax

Class A distributions 0f $0.50 per Class A unit per annum are paid in the amount of $0.125 each calendar quarter.

Class U distributions of US$0.50 per Class U unit per annum are paid in the amount of US$0.125 each calendar quarter.

Distributions are not fixed but are reviewed and set annually at the discretion of the Fund.

Most Recent Distributions

Ticker Distribution
Date
Current
Distribution
Current
Yield*
Distributions
Since Inception
USF.UN 2017-03-31 $0.13                     6.31% $1.05                    
USF.US 2017-03-31 US$0.13                     5.00% US$1.05                    

 

Tax Benefits

Distributions from the Fund may have significant tax benefits which result in higher after-tax cash flow than if the income had been earned outside of the Fund. The Fund will generally earn dividends on portfolio securities, interest income on cash balances and option premium income which is generally taxed as capital gains. Some portion of a distribution may be considered a return of capital for tax purposes, which is not included in an investor’s taxable income for a year, but will reduce the adjusted cost base of the units, by the amount received. The reduction in the adjusted cost base of the units is ultimately taxed as a capital gain when the units are sold for investors who hold their units as capital property.

The actual breakdown of distributions for tax purposes will be provided to unitholders annually in March following receipt of the information from the Fund's custodian. This information will also be posted on the website as soon as it is available.

This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.

 

 

Tax and Distribution Summary - USF.UN Year Selection: 

 

  Regular Distribution Special Distribution Total Distribution Capital Gains
per Unit
Div. Income per Unit Return of Capital Other Income Foreign Dividend Income Witholding Taxes Paid
March 2017 0.125000 0.000000 0.125000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
Total for 2017     $0.125000 $0.000000 $0.000000 $0.000000 $0.000000 $0.000000 $0.000000
Percent (%)       0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Total Distributions
to Date
    $1.050000            

 

Tax and Distribution Summary - USF.US

 

  Regular Distribution Special Distribution Total Distribution Capital Gains
per Unit
Div. Income per Unit Return of Capital Other Income Foreign Dividend Income Witholding Taxes Paid
March 2017 0.125000 0.000000 0.125000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000
Total for 2017     US$0.125000 $0.000000 $0.000000 $0.000000 $0.000000 $0.000000 $0.000000
Percent (%)       0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Total Distributions
to Date
    US$1.050000            

 

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