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Distributions are required to pass-through the taxable gains and income generated by the fund over the past year.
As is the case with the majority of our mutual fund investors, if these distributed amounts are not taken as cash, they are simply reinvested in the form of new shares of the respective fund series. As is the industry standard, to keep the overall value of a client’s account in equilibrium, the value of the brand new shares added to a client’s account will result in a corresponding reduction of the NAV of each share of the fund after the distribution is complete.
For taxable (open) accounts, distributions on March 28th, 2018 will generate a tax slip generated in January / February of 2019. For registered accounts, like RRSPs and others, no tax slips will be generated as a result of these distributions.
Please find the March 28th, 2018 distributions information here. If you have any questions, please don't hesitate to contact us.
With approval from the Ontario Ministry of Health and Long Term Care, Southbridge Health Care LP, and the Yorkville Long Term Health Care Fund have finalized the acquisition of three long term care homes in Thunder Bay.
Yorkville continues to work to provide our clients with stable yields and access to markets that aren’t otherwise available. We are pleased with this acquisition and the projected accretive returns for our investors.
For more information and to read the full press release, please click here.
Yorkville celebrates the 5-year anniversary of the Yorkville Long Term Health Care Fund.
For more details and to read the press release in full, click below:
The team at Yorkville Asset Management Inc. would like to extend a Happy New Year and well wishes to all clients, advisors, and friends for 2018.
On January 3rd, 2018, a press release (https://www.heritageresp.com/knowledge-first-press-release) was released announcing the sale of Heritage Education Funds RESP (Heritage RESP) to Knowledge First Financial (KFF). We at Yorkville feel that this is a positive change that will create a dominant national RESP organization, serving a broader range of Canadians combining the skills and experiences of two successful companies.
The sale only involves Heritage’s RESP business, and does not involve the parent company, Heritage Financial Group Limited (HFGL), and its other business interests. These interests include an equity investment in Yorkville, to which HFGL continues to be an important and valued partner.
Yorkville has maintained a shared service arrangement with Heritage for many non-core logistical functions, and we are making some changes today to transition these services (i.e., IT, accounting, etc.) onsite. The team at Yorkville is actively managing these adjustments, and is well-prepared for the changes to come.
Looking forward, 2018 will be a productive and busy time for Yorkville, as we continue to support our Private Client service offerings, Mutual Fund business, and new ventures. We are rapidly growing our asset base, which will require the continued expansion of our capable professional team, and the development of new offices. As always, we are committed to providing great service and clear communication to our clients. Please do not hesitate to contact us with any questions you may have.
Again, we wish you all the best for 2018.
The team at Yorkville Asset Management Inc. would like to extend a Happy New Year and well wishes to all clients, advisors, and friends for 2018.
On January 3rd, 2018, a press release (https://www.heritageresp.com/knowledge-first-press-release) was released announcing the sale of Heritage Education Funds RESP (Heritage RESP) to Knowledge First Financial (KFF). We at Yorkville feel that this is a positive change that will create a dominant national RESP organization, serving a broader range of Canadians combining the skills and experiences of two successful companies.
The sale only involves Heritage’s RESP business, and does not involve the parent company, Heritage Financial Group Limited (HFGL), and its other business interests. These interests include an equity investment in Yorkville, to which HFGL continues to be an important and valued partner.
Yorkville has maintained a shared service arrangement with Heritage for many non-core logistical functions, and we are making some changes today to transition these services (i.e., IT, accounting, etc.) onsite. The team at Yorkville is actively managing these adjustments, and is well-prepared for the changes to come.
Looking forward, 2018 will be a productive and busy time for Yorkville, as we continue to support our Private Client service offerings, Mutual Fund business, and new ventures. We are rapidly growing our asset base, which will require the continued expansion of our capable professional team, and the development of new offices. As always, we are committed to providing great service and clear communication to our clients. Please do not hesitate to contact us with any questions you may have.
Again, we wish you all the best for 2018.
A physician by profession, Oberg was first elected to the Legislative Assembly of Alberta as an Progressive Conservative in 1993. He was first appointed to the Alberta Cabinet in 1997 and served numerous posts. Over the next two years, he oversaw the move of children’s services and services for persons with developmental disabilities to community-based delivery. He launched a western Canadian initiative to address Fetal Alcohol Syndrome and implemented an interprovincial strategy to share resources and develop new and better approaches for addressing FAS. In May 1999, Dr. Oberg was appointed Minister of Learning, a post he held until November 2004. He began the second language initiative in Alberta schools to give students an edge in the world marketplace and initiated the development of the daily physical activity program to improve the health of Alberta students. In 2006, Lyle Oberg was named Minister of Finance in Premier Ed Stelmach's cabinet. Oberg opened C2DNA in Edmonton, the first private DNA testing facility in Canada. He founded the lab with his brother and other investors.
Rian works closely with the Yorkville private equity team overseeing and managing the sales and advisor platform functions, as well as analysis of potential acquisitions, comparison of fund investments to market comparables, assessing growth opportunities, and communication of quarterly results to investors. Rian graduated with a Bachelor of Economics from the University of Western Ontario, is a CFA Charterholder, and is a member of the Toronto CFA Society.
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