Mulvihill launches split preferred and capital share ETFs on TSX
Mulvihill Capital Management Inc. launched the Mulvihill Split Preferred Share ETF (PFRD) and Mulvihill Split Capital Share ETF (ASHR) on the Toronto Stock Exchange on June 24, 2026. PFRD focuses on monthly distributions and capital preservation through preferred shares, while ASHR targets monthly distributions and capital appreciation via capital and class A shares. Both ETFs are alternative mutual funds under National Instrument 81-102 Investment Funds.
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Mulvihill Capital Management Inc. has launched the Mulvihill Split Preferred Share ETF (PFRD) and Mulvihill Split Capital Share ETF (ASHR), with shares beginning trading on the Toronto Stock Exchange on June 24, 2026. The ETFs are designed to provide monthly distributions, with PFRD focusing on capital preservation and ASHR targeting capital appreciation. Both funds are classified as alternative mutual funds under National Instrument 81-102 Investment Funds.
Investment Objectives
PFRD aims to provide securityholders with monthly distributions and the opportunity for capital preservation. It invests primarily in a portfolio of preferred shares of Canadian split share corporations. ASHR, on the other hand, seeks to offer attractive monthly distributions and capital appreciation opportunities by investing mainly in capital shares and class A shares of Canadian split share corporations.
Fund Details
| ETF Name | Ticker Symbol | Investment Focus | Primary Objective |
|---|---|---|---|
| Mulvihill Split Preferred Share ETF | PFRD | Preferred shares of Canadian split share corporations | Monthly distributions and capital preservation |
| Mulvihill Split Capital Share ETF | ASHR | Capital shares and class A shares of Canadian split share corporations | Monthly distributions and capital appreciation |
About Mulvihill Capital Management Inc.
Mulvihill is a Canadian investment manager specializing in enhanced yield equity strategies. Founded in 1995, the firm is one of the oldest and most experienced managers of option-related strategies in Canada. Its team of six portfolio managers brings over 150 years of industry experience. Mulvihill serves retail, high net worth, and institutional clients through mutual funds, ETFs, and separately managed accounts.
How will the launch of PFRD and ASHR influence the competitive landscape for split share ETFs in Canada?
What are the potential risks associated with investing in Canadian split share corporations, given their leverage and sensitivity to interest rates?
How might changes in monetary policy affect the monthly distributions and capital preservation goals of PFRD?
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