Canadian Preferred Share Trust

Canadian Preferred Share Trust General Information

Description

Canadian Preferred Share Trust is a Canada-based closed-end investment trust. The fund's investment objectives are to provide holders of Units with monthly cash distributions, preserve capital and provide the opportunity for capital appreciation, and reduce the risk of rising interest rates by managing portfolio duration. It has been formed to invest in an actively managed portfolio consisting of Canadian preferred shares and designed to provide investors with a low-cost investment primarily in preferred shares of Canadian issuers and, to a lesser extent preferred the security of the United States issuers. The company invests in Energy, Financials, Industrials, Real estate, Telecommunication services, and Utilities sector.