Canoe Financial announces sub-advisor change for Canoe Preferred Share Portfolio Class
October 23 2020 - 5:30PM
Canoe Financial LP (“Canoe Financial”) announced today a change to
the sub-advisor for Canoe Preferred Share Portfolio Class (the
“Fund”). Additionally, Canoe Financial has announced changes to the
distribution frequency for Series UC of Canoe Asset Allocation
Portfolio Class.
Sub-Advisor Changes
On November 1, 2020, Fiera Capital Corporation will cease to act
as sub-advisor for the Fund. Canoe Financial will remain as
portfolio manager and be responsible for managing the investment
portfolio of the Fund.
The Fund will be co-managed by portfolio managers Rohan Thiru,
CPA, CA, CFA, and Steve DiGregorio, B.Eng., MBA.
Rohan Thiru will manage the Fund’s bonds and hybrid investments.
He draws on extensive knowledge of the Canadian corporate debt
market and more than 15 years of investment and financial services
experience, including 10 years of credit research. Rohan manages
Canoe Bond Advantage Fund and is a multiple FundGrade A+ and Lipper
awards recipient.
Steve DiGregorio will manage the Fund’s equity portfolio. He
draws on 14 years of investment management experience, including 10
years of experience investing in preferred shares, and more than 10
years of global corporate engineering experience. Steve manages
Canoe Premium Income Fund.
“As an independent investment manager, our objectives and
interests are aligned with those of our investors. Canoe
Financial’s extensive in-house expertise in the preferred share
market, combined with the Fund’s flexibility allows us to take
advantage of unique market opportunities and add value through an
actively managed dual process fixed income strategy,” said Marc
Goldfried, Chief Investment Officer and Head of Fixed Income at
Canoe Financial.
Change in Distribution Policy
Effective November 1, 2020, Series UC securityholders of Canoe
Asset Allocation Portfolio Class may receive monthly returns of
capital and/or income, or capital gain distributions on the last
business day of each month. These monthly distributions are not
guaranteed and will be based on Canoe Financial’s view of current
market conditions, the types of securities available and historical
distribution levels.
About Canoe Financial
Canoe Financial is one of Canada’s fastest growing independent
mutual fund companies, managing over $8.0 billion in assets (as of
September 30, 2020) across a diversified range of award-winning
mutual funds and private energy equity products. Founded in 2008,
Canoe Financial is an employee-owned investment management firm
focused on building financial wealth for Canadians. Canoe Financial
has significant national presence across Canada, including offices
in Calgary, Toronto and Montreal.
Investor Relations1–877–434–2796info@canoefinancial.com
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