- Caldwell Investment Management Ltd (UDA) announces the payment of distributions on the ETF series to unitholders
- The monthly distribution rate of $0.038 per unit of the series represents an annualized yield on net assets of approximately 3.1 per cent
- These dividends are the same payout rate as compared to the company’s Q1, Q2 and Q3 reports
- Caldwell Investment Management Ltd. provides investment management services to Canadian and international retail and institutional investors
- Caldwell U.S. Dividend Advantage Fund (UDA) is down 0.2 per cent today and is trading at $14.99 per share at 2:56 p.m. ET
Caldwell Investment Management Ltd (UDA) has paid distributions on the ETF series to unitholders.
The monthly distribution rate of the series represents an annualized yield on net assets of approximately 3.1 per cent.
| Record date | Payment date | Distribution per unit |
|---|---|---|
| October 28, 2021. | November 4, 2021 | $0.038 |
| November 29, 2021 | December 6, 2021 | $0.038 |
| December 30, 2021 | January 7, 2021 | $0.038 |
These dividends are the same payout rate as compared to the company’s Q1, Q2 and Q3 reports.
The fund was first offered to the public as a closed-end investment in 2015. In November 2018 it was converted into an open-end mutual fund, with all outstanding units predesignated as Series F units.
Performance of the fund prior to the conversion date would have differed had the fund been subject to the same investment restrictions and practices of the current open-end mutual fund.
In 2019 it reduced its management fees by 1 per cent, resulting in fees of 1.75 per cent for Series A units and 0.75 per cent for Series F units.
Caldwell Investment Management Ltd. provides investment management services to Canadian and international retail and institutional investors, including financial institutions, public and private pension funds, endowment funds, foundations and private family accounts
Caldwell U.S. Dividend Advantage Fund (UDA) is down 0.2 per cent today and is trading at $14.99 per share at 2:56 p.m. ET.