Toronto-based Creststreet Capital Corp. filed a preliminary prospectus for units of Creststreet enHanced Income Energy Fund. The firm says it will take advantage of the combination of a surge in crude oil demand in emerging markets such as China and India and the diminishing energy supply worldwide. The trust aims to allocate 85% of its holdings to energy-related income trusts and 15% to common shares of both Canadian and U.S. issuers operating in the energy sector. The trust is targeting an initial annual yield of 6% on the original price of the units through monthly distributions of 5¢ a unit for the period ending May 2007. Front-end commissions are 2.8%, with a 0.40% annual trailer. Management fees are 1.10%. Minimum investment is $2,000.
Creststreet files prospectus for energy fund
- By: Lara Hertel
- April 4, 2006 October 30, 2019
- 10:18