Sentences with word «unitholder»

CCGG Executive Director quoted in the National Post with regard to rights of unitholders of REITs

2015.06.15 RBC Global Asset Management Inc. announces RBC ETF monthly cash distributions for June 2015 RBC Global Asset Management Inc. today announced June 2015 cash distributions for unitholders of RBC ETFs...

The conversion of advisor - class units into whole common class units of the same ETF does not give rise to a disposition by unitholders of converting advisor - class units for tax purposes on any whole units converted.

The RBC ETF seeks to provide unitholders with exposure primarily to the performance of a diversified portfolio of Canadian corporate and government bonds, divided («laddered») into five groupings with staggered maturities from one to five years, that will provide regular income while preserving capital.

The First Asset Long Duration Fixed Income ETF's investment objective is to provide unitholders with regular distributions and the opportunity for capital appreciation from the performance of a portfolio comprised primarily of longer dated developed markets, Canadian and U.S. government issued fixed income securities.

The transaction requires a number of approvals, from unitholders in both REITS and the federal Competition Bureau, which has authority to review all mergers in Canada.

We are also proposing two unitholder meetings to, initially change the responsible entity of the fund, and then to consider converting the fund into a closed - ended vehicle and listing it on the Australian Stock Exchange (ASX).

Investors of mutual funds are known as unitholders.

If unitholders were to try to remove Murray Goulburn as the responsible entity, Murray Goulburn has the right to redeem the notes and convertible preference shares that back the units at a 20 per cent discount to the five - day VWAP that units have traded on the ASX.

Conditional contracts for the transaction were exchanged on 23 November 2013, and it remains subject to AACI REIT unitholder approval.

It's not worth going into exactly what the suit was about, suffice it to say CONTROL was the issue; after all, Quicksilver was the largest unitholder of BBEP, having swapped assets for BBEP units.

Thus existing common unitholders are looking at 50 % dilution at minimum!

Canadian REIT unitholders will own approximately 27 per cent.

Unitholders receive a monthly report from the Investment Manager, together with a statement of their holdings.

A transfer of units of the Fund to the Corporation for shares of the Corporation will be a disposition for Canadian income tax purposes, which may result in a capital gain or loss to unitholders who hold their units outside of registered plans.

4 Income (loss) attributed to limited partnership unit on a fully diluted basis is reduced by incentive distributions paid to special limited partnership unitholders during the period.

Unfortunately for existing unitholders the terms were, to say the least, extremely punitive.

The Manager will notify registered unitholders if the target yield changes.

Unitholders do not have to take any action to participate in the elimination of the service fee or the conversion described above.

Some of the most popular mutual funds around are those that pay unitholders a fixed distribution each month.

On a per share basis, CREIT unitholders are being offered $ 53.75 in cash or 4.2835 Choice Properties units for each CREIT unit held, subject to the overall cash and equity maximums.

Perpetual portfolio manager Nathan Parkin, who is Fonterra's biggest Australian unitholder, told the Financial Review this week that he backed the board's decision to protect its balance sheet and said he did not see any philosophical problem between generating returns for farmers and non-farmer investors.

The wild card here is whether Warren Lichtenstein will screw us little unitholders with a creeping takeunder at below full value or some other sleight of hand.

The remaining unitholders of record of converting advisor - class units as of the Conversion Date will receive a number of whole converted common class units of the same ETF with an aggregate net asset value («NAV») equal to the aggregate NAV of the units converted, based on their respective NAVs as of the Conversion Date (the «Conversion Ratio»).

Should an investor choose to redeem or switch during this time, a 2 % fee would be charged and paid to the fund for the benefit of other unitholders.

Mutual fund unitholders interact directly with the fund, exchanging shares for cash or vice versa.

It has not said it will change Claymore products and given the success and distinctive approaches of CDZ and XDV, I doubt these two ETFs will be affected and even if they are, it likely won't harm unitholders.

«Company FFO is defined as net income attributable to unitholders prior to non-cash valuation gains / losses, impairment charges, depletion, depreciation and amortization, and deferred income taxes.»

However, a general benefit of a Limited Partnership (LP) is that all income and profits are «flow through» in that all income flows directly to the LP unitholders (investors) instead of being taxed at the corporate level and then taxed again as dividends.

If 50 % of unitholders decide they want to wind the fund up and get their money back, there should be nothing stopping them from doing so.

The board brought the co-op back to reality and unitholders felt some serious pain — the stock tumbled nearly 35 per cent after Murray Goulburn slashed full - year earnings forecasts by 40 per cent.

«The structure of the deal where unitholders have no control but were expecting equity like returns was always flawed.

I'm not surprised this was a transaction that was never structured to protect unitholders.

Most funds will be merged or liquidated, leaving unitholders to look for the next winning strategy.

Instead of actively managing unitholders» investments, ETF providers invest so as to mirror the holdings and performance of a particular stock - market index.

The Fund will have a broader investment mandate, which may attract new investors, spreading the fixed operating expenses of the Fund over a larger unitholder base.

The probability of a major Canadian bank defaulting seems low, and even if that were to occur, ETF unitholders would not lose their whole investment.

BrisConnections chairman told the startled unitholders present at the meeting that Australian Style Investments had voted against all seven resolutions when its proxies were received several days before the meeting.

Income from these operating assets flows through to the trust, which in turn passes on the income to the trust unitholders.

The key point to note is that when unitholders buy or sell, they are interacting with one another on the exchange just as they would when buying or selling a stock.

ETFs can offer the benefits of both index funds and conventional equities because of the process by which they are created and redeemed in the marketplace — through an «in - kind» transaction made by Designated Brokers, or market makers and the Underwriters, not the fund's individual unitholders.

The capping classes will be closed to all purchases from existing and new unitholders (including through regular investment plans) effective September 1, 2017

The impact of fund companies dealing directly with investors for cash has a couple of important implications for the end unitholder.

Issuance of these units will dilute current unitholders by about 13.6 % and obviously depress the unit price in the short - term (at least it did so today!).

Also knowing that WL is a large unitholder helps me digest the potential downside.

Successfully representing Kinder Morgan in unitholder litigation in Delaware Chancery Court and on appeal before the Delaware Supreme Court that challenged Kinder Morgan's $ 70 billion consolidation of three publicly traded subsidiaries, including two master limited partnerships, into Kinder Morgan Inc..

The deal requires approval by a two - thirds majority vote by unitholders as well as court and regulatory approvals.