Mulvihill's Preferred Share ETF Reports $25.3M in Net Assets for 2025
The Mulvihill Enhanced Split Preferred Share ETF has reported its financial results for the year ending December 31, 2025. The fund's net assets reached $25.29 million, equivalent to $9.36 per unit, while distributing $2.26 million to unitholders over the period. Managed by Mulvihill Capital Management Inc., the fund focuses on preferred shares from Canadian split share corporations. The fund aims to provide monthly cash distributions to investors while targeting a 10.0 percent yield. In 2025, unitholders received $1.00 per unit in total distributions, amounting to $2.26 million. This strategy aligns with its goal of delivering steady income alongside potential capital growth.
To generate returns and lower acquisition costs, the fund may write call and put options on parts of its portfolio. It also invests in initial or follow-on offerings of preferred shares from split share corporations. Over the year, net assets attributable to unitholders grew by $0.67 million, or $0.31 per unit.
The fund's units trade on the Toronto Stock Exchange under the symbol SPFD. Its primary focus remains on preserving capital through a diversified portfolio of preferred shares. By the end of 2025, the fund's net assets stood at $25.29 million, with a per-unit value of $9.36. The $2.26 million distributed to unitholders reflects its commitment to regular income payments. The fund continues to pursue its investment strategy while maintaining exposure to Canadian preferred shares.
