This CI fund has a focus on preferred shares and dividend paying stocks.
Income Investor
This is one of only a few mutual funds in this country that holds a high percentage of preferred shares. Normally, preferreds are a low-risk source of steady cash flow, however the sector has been battered this year over concerns about reset preferreds that are coming up for renewal, most at a lower yield. The S&P/TSX Preferred Share sub-index is down a highly unusual 24.8% year to date. - Gordon Pape
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