First Asset Canadian Convertibles Fund

Investment Objective

September 12, 2018 - First Asset Announces Unitholder Meetings for Convertible Debenture Closed-End Funds.
Meeting Materials are available in the Documents section of this webpage.

The Fund´s investment objectives are to provide holders of Units with:

  • quarterly distributions; and
  • the opportunity for capital appreciation.

The Fund has been created to obtain exposure to a diversified portfolio comprised primarily of Convertible Debentures of Canadian issuers. The Portfolio will be actively managed by First Asset.

 1m3m6mYTD1y2y3y4y5ySI
ADC.UN -1.39%0.46%2.86%1.11%4.28%3.05%2.87%0.28%1.89%2.48%
As at: 28 Sep 2018

 

Sector Breakdown

As at 28 September 2018

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns.


Top holdings

CouponMaturity% Weighting
First Asset Cdn Conv Bd Etf0.00%8.6
American Hotel Income Properti5.00%30 Jun 226.0
Invesque Inc5.00%31 Jan 225.9
Cardinal Energy Ltd5.50%31 Dec 205.6
Boralex Inc4.50%30 Jun 204.9
Timbercreek Financial Corp5.40%31 Jul 214.9
Goeasy Ltd5.75%31 Jul 224.8
Gibson Energy Inc5.25%15 Jul 214.6
Northland Power Inc4.75%30 Jun 204.4
Tricon Capital Group Inc5.60%31 Mar 204.3
As at 28 September 2018

Distributions

Distribution details (.csv)
ADC.UNTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$4.45000$4.45000-----$4.15000--
2018 +$0.30000$0.30000--------
28-Sep$0.10000$0.10000--------
29-Jun$0.10000$0.10000--------
29-Mar$0.10000$0.10000--------
2017 +$0.55000$0.55000-----$0.55000--
29-Dec$0.15000$0.15000-----$0.15000--
29-Sep$0.10000$0.10000-----$0.10000--
30-Jun$0.15000$0.15000-----$0.15000--
31-Mar$0.15000$0.15000-----$0.15000--
2016 +$0.60000$0.60000-----$0.60000--
30-Dec$0.15000$0.15000-----$0.15000--
30-Sep$0.15000$0.15000-----$0.15000--
30-Jun$0.15000$0.15000-----$0.15000--
31-Mar$0.15000$0.15000-----$0.15000--
2015 +$0.60000$0.60000-----$0.60000--
31-Dec$0.15000$0.15000-----$0.15000--
30-Sep$0.15000$0.15000-----$0.15000--
30-Jun$0.15000$0.15000-----$0.15000--
31-Mar$0.15000$0.15000-----$0.15000--
2014 +$0.60000$0.60000-----$0.60000--
31-Dec$0.15000$0.15000-----$0.15000--
30-Sep$0.15000$0.15000-----$0.15000--
30-Jun$0.15000$0.15000-----$0.15000--
31-Mar$0.15000$0.15000-----$0.15000--
2013 +$0.60000$0.60000-----$0.60000--
31-Dec$0.15000$0.15000-----$0.15000--
30-Sep$0.15000$0.15000-----$0.15000--
28-Jun$0.15000$0.15000-----$0.15000--
28-Mar$0.15000$0.15000-----$0.15000--
2012 +$0.60000$0.60000-----$0.60000--
31-Dec$0.15000$0.15000-----$0.15000--
28-Sep$0.15000$0.15000-----$0.15000--
29-Jun$0.15000$0.15000-----$0.15000--
30-Mar$0.15000$0.15000-----$0.15000--
2011 +$0.60000$0.60000-----$0.60000--
30-Dec$0.15000$0.15000-----$0.15000--
30-Sep$0.15000$0.15000-----$0.15000--
30-Jun$0.15000$0.15000-----$0.15000--
31-Mar$0.15000$0.15000-----$0.15000--

(1) Future distribution dates may be amended at any time. (2) Reinvested distributions are not paid in cash but instead remain invested in the Fund. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. (3) The characterization of distributions for tax purposes (such as dividends/other income/capital gains etc.) will not be known for certain until after the Fund's tax year end. Therefore investors will be informed of the characterization of the amounts distributed for tax purposes only for the entire year and not with each distribution. For tax purposes these amounts will be reported by brokers on official tax statements.

News

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23 Oct 2015 CI Financial scoops up ETF provider First Asset Capital The Globe and Mail | Clare O'Hara
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