Quadravest Unveils New Preferred Shares ETF

Dividend Select 15 (TSE:DS) has released an update.

Quadravest Capital Management Inc. is set to launch its new Preferred ETF on the Toronto Stock Exchange, offering investors monthly distributions and capital preservation through a diversified portfolio of preferred shares. The ETF, trading under the symbol PREF, promises an initial monthly distribution of $0.05417 per unit, with the potential for variable future payouts based on market conditions and fund performance. With a ‘low’ risk rating, the Preferred ETF provides an accessible investment option aiming to balance income generation and capital safety.

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