TORONTO, August 5, 2014 /CNW/ - As Canada's baby boomers head into retirement, there is a growing focus on investments that generate a monthly income stream.
To meet that need, PowerShares Canada announced today it 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," said 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.
To learn more about PowerShares® Funds, please visit www.powershares.ca.
About Invesco Canada Ltd.
Invesco Canada Ltd., operating under three distinct yet complementary product brands (Trimark, Invesco and PowerShares), is one of Canada's leading investment management companies. A subsidiary of Invesco Ltd., Invesco Canada's singular focus is on investment management, offering a diversified suite of solutions to institutions, organizations, companies and individual investors across Canada and around the world. Additional information is available at www.invesco.ca.
About Invesco Ltd.
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Mutual funds are not guaranteed and their values change frequently. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation (CDIC) or by any other government deposit insurer. There can be no assurances that the money market funds will be able to maintain their net asset values per security at a constant amount or that the full amount of your investment in the funds will be returned to you. Past performance may not be repeated. Please read the prospectus before investing. Copies are available from your advisor or from Invesco Canada Ltd.
Units/Shares of the Funds and of the underlying PowerShares ETFs are not in any way sponsored, endorsed, sold or promoted by any of the Funds' or PowerShares ETFs' underlying Index providers or their affiliates, and these companies make no representation or warranty, express or implied, as to the results to be obtained from the use of the Index. None of these companies are affiliated with Invesco Canada Ltd., Invesco PowerShares Capital Management LLC or Invesco Advisers, Inc., nor any of their affiliates. Products are not sponsored, endorsed, sold or promoted by any of the Index providers, and the Index providers make no representation regarding the advisability of investing in these Funds.
Shares are not CDIC insured, may lose value and have no bank guarantee.
PowerShares Canada is registered business name of Invesco Canada Ltd.
This piece was produced by Invesco Canada Ltd.
Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. PowerShares®, Leading the Intelligent ETF Revolution® and all associated trademarks are trademarks of Invesco PowerShares Capital Management LLC (Invesco PowerShares), used under licence.
© Invesco Canada Ltd., 2014
SOURCE Invesco Canada Ltd.