Mulvihill's SPFD ETF Reports 2025 Growth with 10% Yield Target Met
The Mulvihill Enhanced Split Preferred Share ETF (SPFD) has reported its financial results for 2025. By the end of December, the fund's net assets reached $25.29 million, with a per-unit value of $9.36. Over the year, unitholders received cash distributions totalling $1.00 per unit. The fund, managed by Mulvihill Capital Management Inc., focuses on preferred shares from Canadian split share corporations. Its units trade on the Toronto Stock Exchange under the symbol SPFD.
During 2025, net assets grew by $0.67 million, or $0.31 per unit. The fund also paid out $2.26 million in distributions, meeting its target of a 10% yield. To boost returns and lower costs, the fund may use call and put options on part of its portfolio. SPFD aims to provide monthly payouts while preserving capital. Its strategy combines income generation with potential long-term growth.
The fund's net assets now stand at $25.29 million, with each unit valued at $9.36. Unitholders received $1.00 per unit in distributions for the year. The results reflect the fund's focus on steady income and capital stability.
