Sign up for free newsletter

 

Four fingers

Four PowerShares funds now offer monthly income

Wed, 06/08/2014 - 12:16

PowerShares Canada has increased the frequency of distributions paid by its suite of dividend-income funds from quarterly to monthly.

Beginning in August, the following PowerShares Funds will distribute income on a monthly basis:
•             PowerShares Canadian Dividend Index Class
•             PowerShares Canadian Preferred Share Index Class
•             PowerShares Diversified Yield Fund
•             PowerShares Global Dividend Achievers Fund
 
"Whether you're funding your retirement or helping to pay for your child's education, monthly distributions match most fixed spending patterns," says Michael Cooke, head of distribution, PowerShares Canada.
 
The increased frequency is the only change to the distribution policy of these funds. There will be no change to the calculation methodology of distributions.


Subscribe to free daily newsletter
latestjobs
Junior Sales to Corporates (FX/IR)

Sat, 28 Feb 2015 00:00:00 GMT

VP IG Credit Sales, NA Investment Bank

Sat, 28 Feb 2015 00:00:00 GMT

Head Compliance- Asset Management

Sat, 28 Feb 2015 00:00:00 GMT

events
18 hours 59 min from now - Florida
3 days 18 hours from now - San Francisco
3 days 18 hours from now - London
specialreports