Looking for Tax Loss Selling Opportunities in Preferred Shares?
Staying in the asset class still has its advantages.
Canadian preferred shares are the only asset class with negative performance over the last year. Given the strong tax-advantaged yields of preferred shares, many would like to stay in this asset class.
Here are two preferred share solutions to consider:
EVOLVE DIVIDEND STABILITY PREFERRED SHARE INDEX ETF
PREF has a concentrated portfolio of 50 high quality Canadian preferred shares and a minimum rating of P3L. Any rate resets in the portfolio will have a minimum floor feature. Other details include a management fee of 0.45% and a gross yield of 5.25%1 (pre-tax equivalent of 7.3%). To learn more about this product, click here.
EVOLVE ACTIVE CANADIAN PREFERRED SHARE FUND
DIVS is actively managed by Foyston, Gordon & Payne. It has a high conviction portfolio of 80 holdings and is also available in mutual fund classes. Other details include a management fee of 0.65% and a gross yield of 5.60%1 (pre-tax equivalent of 7.8%). To learn more about this product, click here.
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1 As at November 30, 2019. Commissions, management fees and applicable sales taxes all may be associated with an investment in the exchange-traded funds (the “ETFs”) managed by Evolve Funds Group Inc. The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETFs. Please read the prospectus before investing. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to the ETF. Investors may incur customary brokerage commissions in buying or selling ETF units. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “anticipate”, “believe”, “intend” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed. This should not be construed to be legal or tax advice. Please consult your own legal and tax advisor.