Goodman & Company, Investment Counsel Ltd. is launching its third series of Dynamic RetirementEdge Income Portfolios, an investment solution that balances the wealth accumulation and distribution needs of baby boomers.
Dynamic RetirementEdge Income Portfolio Series 3 will be available until Friday, October 12. The deposit notes will be issued by Bank of Montreal on or about October 17, and are 100% eligible for registered plans.
Series 3 will meet the ongoing demand for a portfolio solution that allows investors to benefit from the growth potential of equities, a stable income stream, unique tax efficiencies, systematic asset allocation, and a fixed low annual fee. The new offering builds on the success of the first two series, delivering sound financial planning practices by addressing investors’ long-term needs.
With Current Pay Notes, the monthly distributions begin immediately, at an annual rate of 6.6% of the original deposit amount, adjusted for inflation. The deposit notes mature on Oct. 14, 2022.
With Deferred 5 Notes, the 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 October 15, 2027.
With Deferred 10 Notes, the 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 Oct. 15, 2032.
Dynamic RetirementEdge Income Portfolios Series 3 invests in the same seven Dynamic funds as the first two 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;
- Dynamic Power Canadian Growth Fund.
The complete terms of the offerings are set out in the information statements dated Aug. 7, 2007 relating to the deposit notes.