Global Preferred Securities Trust provides investors with exposure to a portfolio consisting primarily of preferred shares and other preferred securities of global issuers, including convertible preferred shares and hybrid securities such as Canadian-originated preferred securities (“COPrSSM”) and trust-originated preferred securities (“TOPrSR”). The portfolio is managed by John Hancock Advisers LLC, an indirect, wholly-owned subsidiary of Manulife Financial Corporation. Featuring a high level of stable, after-tax monthly income, Global Preferred Securities Trust offers investors a number of other key benefits:
- Attractive monthly distributions, with a target yield of 5.25% per annum (pre-tax equivalent of 7.52%).
- Diversification through a basket of preferred shares of leading global issuers.
- Leverage capability for enhanced returns.
- Active currency and interest rate risk management.
- Excellent liquidity with annual redemption privileges available through the Trust and a TSX listing (ticker: GPT.UN).
- Fully RRSP eligible as Canadian content.
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