Goodman & Company, Investment Counsel Ltd. today launched a second series of Dynamic RetirementEdge Income Portfolios, an investment solution tailored to the needs of Canadians planning, approaching or enjoying their retirement years.
Dynamic RetirementEdge Income Portfolio Series 2 will be available until Friday, July 6. The deposit notes will be issued by Bank of Montreal on July 11 and are 100% eligible for registered plans.
Building on the positive response to Series 1, which closed May 18, Series 2 continues to promote sound financial planning practices by addressing investors’ long-term needs. The deposit motes give investors the opportunity to benefit from the growth potential of equities, a stable income stream, unique tax efficiencies, systematic asset allocation, and a fixed low annual fee.
As with Dynamic RetirementEdge Series 1, three versions of the deposit notes are available:
- Current Pay Notes; monthly distributions begin immediately, at an annual rate of 6.6% of the original deposit amount, adjusted for inflation. The deposit notes mature on July 8, 2022.
- Deferred 5 Notes; monthly distributions begin in year six, at an annual rate of 6.6% of the higher of the fund portfolio value or original deposit amount, adjusted for inflation. The deposit notes mature on July 9, 2027.
- Deferred 10 Notes; monthly distributions begin in year 11, at an annual rate of 6.6% of the higher of the fund portfolio value or original deposit amount, adjusted for inflation. The deposit notes mature on July 9, 2032.
Dynamic RetirementEdge Income Portfolios Series 2 invests in the same seven leading Dynamic funds as the first series, including:- Dynamic Advantage Bond Fund;
- Dynamic Global Dividend Value Fund;
- Dynamic Value Fund of Canada;
- Dynamic Global Value Fund;
- Dynamic Dividend Fund;
- Dynamic Global Discovery Fund; and
- Dynamic Power Canadian Growth Fund.
The complete terms of the offerings are set out in the Information Statements dated May 14, relating to the deposit notes.