Updated March 20, 2023.

Leith Wheeler
Preferred Share Fund

Objective

To provide investors with income and the opportunity for long-term capital appreciation by investing primarily in a portfolio of Canadian preferred share securities.

Investment Style

We utilize a value approach to stock selection, applying bottom-up, fundamental analysis to all investment decisions. Our investment goal is to protect client capital while offering superior investment growth, regardless of economic conditions. We seek to invest in solid companies run by strong management teams that can navigate variable market conditions. The Fund invests primarily in publicly-listed preferred shares, including securities convertible into preferred shares. Under normal conditions, the Fund may hold up to 10% of the Fund’s assets in cash or cash equivalents. The Fund is not restricted by industry or sector, although portfolio diversification is a consideration in the selection of securities of the Fund. No more than 10% of the Fund’s assets may be invested in the securities of a single issuer. The Fund will only purchase preferred shares with a rating of Pfd-3(low) or higher. The Fund is permitted to use derivatives for hedging or non-hedging purposes.