Goodman & Company, Investment Counsel Ltd. today announced the launch of three new PRINCIPALPLUS Deposit Notes issued by Bank of Montreal.
The notes offer up to 200% exposure to a portfolio of six top Dynamic Funds, with 100% principal protection at maturity.
The degree of exposure will be determined by an asset allocation strategy designed to ensure principal protection, while taking advantage of market upswings. The returns, if any, on the notes will be based on the performance of the fund portfolio.
Three versions of the notes are offered for sale:
- Yield Class, Series 2, which pays taxable distributions, if any;
- R.O.C. Class, Series 2, which pays tax efficient distributions, if any; and
- Total Return Class, Series 1, which is geared towards maximizing growth.
Investors in the Yield Class will be paid monthly coupons equivalent to 75% of distributions, if any, received from the fund portfolio, with the remaining 25% reinvested back in the funds for growth. The Total Return Class reinvests 100% of distributions for capital appreciation. The return, if any, on the R.O.C. Class will be reduced by a percentage of the amounts you receive prior to maturity.
The Deposit Notes offer access to three core asset classes; growth equities represented by Dynamic Power Canadian Growth Fund and Dynamic Power American Growth Fund, income equities represented by Dynamic Focus+ Diversified Income Trust Fund and Dynamic Dividend Value Fund, and fixed income represented by Dynamic Income Fund and Dynamic Canadian High Yield Bond Fund.
The notes will be issued by Bank of Montreal on or about March 15, and will mature on or about March 23, 2015. The notes are 100% eligible for registered plans, and are available through most financial advisors.
The complete terms of the offerings are set out in the information statements dated January 16, 2006.
Goodman & Co. is an investment firm with more than $18.5 billion in assets under management. It is a division of Dundee Wealth Management Inc.