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Middlefield Canadian Income PCC: Net Asset Value(s)
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Investegate |Middlefield Canadian Announcements | Middlefield Canadian: Middlefield Canadian Income PCC
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Middlefield Canadian Income PCC: Net Asset Value(s)
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Investment trust Middlefield Canadian Income represents an unusual but attractive proposition for investors looking for a mix of income and capital return.
Although the £108million stock market-listed fund invests ten per cent of its assets in US equities, it is unique among North American funds in having a majority of its stakes in Canadian businesses.
It s an investment strategy that means the trust has missed out on the big gains to be made from holding some of the US s big technology shares. But it s kept many shareholders sweet by continuing to pay a robust dividend throughout the pandemic, equivalent to just below five per cent a year.