First Asset North American Convertibles Fund

Investment Objectives

September 12, 2018 - First Asset Announces Unitholder Meetings for Convertible Debenture Closed-End Funds.
Meeting Materials will be available in the Documents section of this webpage on or about September 21, 2018.

The Fund's investment objectives are to provide holders of units with: (i) quarterly distributions, and (ii) the opportunity for capital appreciation. The Fund invests in a diversified portfolio (the "Portfolio") comprised primarily of convertible debentures of Canadian, U.S. and global issuers, and seeks to provide a good risk-adjusted way to invest in the Canadian, U.S. and global markets, through a combination of stable current income, security of principal and the opportunity for capital appreciation. The Portfolio will be actively managed by First Asset Investment Management Inc.

 1m3m6mYTD1y2y3y4y5ySI
NCD.UN 1.70%1.86%4.75%2.89%5.60%4.05%4.73%1.17%3.65%2.70%
As at: 31 Aug 2018

 

Sector Breakdown

As at 31 August 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
Genalta Power Inc0.00%31 Aug 1812.3
Air Lease Corp3.88%01 Dec 185.3
Cargojet Inc0.00%4.4
American Hotel Income Properti5.00%30 Jun 224.4
Great Canadian Gaming Corp6.63%25 Jul 224.4
Pure Multi-family Reit Lp6.50%30 Sep 204.0
Cardinal Energy Ltd5.50%31 Dec 204.0
Northland Power Inc4.75%30 Jun 203.8
Invesque Inc5.00%31 Jan 223.7
Timbercreek Financial Corp5.40%31 Jul 213.4
As at 31 August 2018

Distributions

Distribution details (.csv)
NCD.UNTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$3.68360$3.68360-----$3.30860--
2018 +$0.37500$0.37500--------
28-Sep$0.12500$0.12500--------
29-Jun$0.12500$0.12500--------
29-Mar$0.12500$0.12500--------
2017 +$0.50000$0.50000-----$0.50000--
29-Dec$0.12500$0.12500-----$0.12500--
29-Sep$0.12500$0.12500-----$0.12500--
30-Jun$0.12500$0.12500-----$0.12500--
31-Mar$0.12500$0.12500-----$0.12500--
2016 +$0.50000$0.50000-----$0.50000--
30-Dec$0.12500$0.12500-----$0.12500--
30-Sep$0.12500$0.12500-----$0.12500--
30-Jun$0.12500$0.12500-----$0.12500--
31-Mar$0.12500$0.12500-----$0.12500--
2015 +$0.50000$0.50000-----$0.50000--
31-Dec$0.12500$0.12500-----$0.12500--
30-Sep$0.12500$0.12500-----$0.12500--
30-Jun$0.12500$0.12500-----$0.12500--
31-Mar$0.12500$0.12500-----$0.12500--
2014 +$0.50000$0.50000-----$0.50000--
31-Dec$0.12500$0.12500-----$0.12500--
30-Sep$0.12500$0.12500-----$0.12500--
30-Jun$0.12500$0.12500-----$0.12500--
31-Mar$0.12500$0.12500-----$0.12500--
2013 +$0.50000$0.50000-----$0.50000--
31-Dec$0.12500$0.12500-----$0.12500--
30-Sep$0.12500$0.12500-----$0.12500--
28-Jun$0.12500$0.12500-----$0.12500--
28-Mar$0.12500$0.12500-----$0.12500--
2012 +$0.50000$0.50000-----$0.50000--
31-Dec$0.12500$0.12500-----$0.12500--
28-Sep$0.12500$0.12500-----$0.12500--
29-Jun$0.12500$0.12500-----$0.12500--
30-Mar$0.12500$0.12500-----$0.12500--
2011 +$0.30860$0.30860-----$0.30860--
30-Dec$0.12500$0.12500-----$0.12500--
30-Sep$0.18360$0.18360-----$0.18360--

(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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