| Capital Units |
The annual distribution target of $0.04 per unit is payable quarterly. The annual distribution target is normally announced in December of each year. |
| Preferred Securities |
The annual interest payment is $0.60 per preferred security. |
| Diversification |
Actively managed portfolio of preferred and common shares, income trusts, income securities, including bonds and debentures, Canadian mortgage-backed securities, REIT's and other equity securities. |
| Liquidity |
TSX listed and annual redemption feature for capital units and combined securities. |
| Eligibility |
RRSP, DPSP, RRIF, RESP. |
TSX Ticker Symbol
Capital Units:
Preferred Securities: |
BSD.UN
BSD.PR.A |
| Fund Inception |
March 16, 2005 |
| Fund Termination |
The preferred securities mature on March 31, 2015. The Fund has no fixed termination date, but the Manager may, in its sole discretion, wind-up the Fund and distribute its net assets to unitholders should the NAV fall below $15 million, subject to the trust indenture between the Fund and CIBC Mellon Trust Company dated March 16, 2005 governing the 6% Preferred Securities. |
| Annual Redemption |
Units may be redeemed on the last business day of November of each year at 100% of net asset value (less associated fees). Unitholders must provide 15 business days notice when surrendering their units.
The annual redemption privilege for capital units and combined securities and is currently suspended. |
| Quarterly Distribution |
Capital Units – Suspended |
| Quarterly Distributions |
Preferred Securities – $0.15 |