Quadravest Launches New Preferred Share ETF

Canadian Life Companies Split Corp. Class A (TSE:LFE) has released an update.

Quadravest Capital Management Inc. is set to launch the Quadravest Preferred Split Share ETF, trading on the TSX under the symbol PREF, which aims to offer monthly distributions and capital preservation through a managed portfolio of preferred shares. The initial monthly distribution is announced at $0.05417 per unit, aiming for a $0.65 annualized payout based on a $10.00 issue price. The fund, categorized with a ‘low’ risk rating, may adjust distribution amounts and frequency at the manager’s discretion.

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