Investment team will be lead by fixed income specialist Mike MacBain
Closed-end fund offers exposure to BMO Capital Markets 50 Preferred Share Index
Fund targets an initial yield of 6% per year
Preferred and Class A shares to be redeemed on Jan. 31, CC&L says
Final prospectus filed for offering of units
Fund to invest in 30 equity securities which have the lowest volatility of those securities included in the S&P/TSX composite index
Fund to invest in investment grade and high yield corporate bonds and dividend-paying stocks
Distributions targeted to be 6% per year
Proceeds to be distributed to unitholders
Closed-end fund targets 6% annual distribution