Group 1: Fund Performance - The Fund reported an increase in net assets attributable to holders of units amounting to $27.25 million or $2.00 per unit for the year ended December 31, 2024 [1] - As of December 31, 2024, net assets attributable to holders of units were $122.66 million or $8.43 per unit [1] - Cash distributions to unitholders totaled $9.65 million or $0.70 per unit during the year [1] Group 2: Investment Strategy - The Fund aims to provide long-term capital appreciation through a portfolio primarily consisting of common shares of major Canadian banks [2] - The Fund will utilize modest leverage of 25.0 percent and may write call and put options to enhance investment returns and reduce acquisition costs [3] - The target yield for the Fund is set at 7.0 percent, with potential for additional capital growth beyond this yield [3] Group 3: Financial Overview - As of December 31, 2024, the Fund's total assets were $154.54 million, with liabilities of $31.88 million [5] - The Fund generated income, including net gains on investments, amounting to $29.45 million, with expenses recorded at $2.20 million [5] - The increase in net assets attributable to holders of units for the year was $27.25 million [5]
Mulvihill Canadian Bank Enhanced Yield ETF Announces Year End Results