Strathbridge Asset Management
Print

Canadian Utilities & Telecom Income Fund

 

UTE.UN

Fact SheetFact SheetFund UpdateFund Update

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 December 31, 2016
Holding Name % of NAV
CASH AND SHORT-TERM INVESTMENTS      8.9%
ENBRIDGE INCOME FUND HOLDINGS INC.      6.3%
INTER PIPELINE FUND L.P.      5.9%
CAPITAL POWER CORPORATION      5.9%
PEMBINA PIPELINE CORPORATION      5.8%
ENBRIDGE INC.      5.7%
PARKLAND FUEL CORPORATION      5.7%
SHAW COMMUNICATIONS INC. - CLASS B      5.4%
TRANSCANADA CORPORATION      5.4%
BROOKFIELD INFRASTRUCTURE PARTNERS L.P.      5.1%
Sector Allocations

 

 

 Pricing
As of 03-23-2017
Current NAV for UTE.UN: $10.63
Market Price: $10.48
Last Traded: 03-24-2017 3:12pm
View Historical NAV  
 Quick Facts
Inception Date: 12-17-2010
Total Assets As of 12-31-2016: $33.88 mm
Management Fee: 1.1%
Service Fee: 0.4%
 Distributions & Tax
Current Distributions for UTE.UN: $0.06
Current Yield: 7.01%
View Historical Distributions  
 News
2017-03-22
UTE: Announces Annual Results
2017-03-06
UTE: Declares Monthly Fund Distribution
2017-02-03
UTE: Declares Monthly Fund Distribution
2017-01-04
UTE: Declares Monthly Fund Distribution
2016-12-05
UTE: Declares Monthly Fund Distribution
View More News