Compare Preferred Shares of Split-Share Corporations

This table is used to compare the preferred shares of split-share corporations.  In the Canadian Market there are 4 major issuers of these types of shares ( Brompton Funds , Strathbridge Asset Managment, Quadravest Capital Managment and Middlefield Funds )
 
The main features of a Split share corporation are:
 

1. It exists for a defined period of time.
2. Some type of covered call option strategy is used to further increase profits for the Class A shares.
3. Its main goal is to  transform the risk and investment return  of a basket of shares of conventional dividend-paying corporations into the risk and return of the two or more classes of publicly traded shares in the split share corporation.
4. For the majority of thesse, the number of preferred shares issued is equal to the number of the class A shares issued by this corporation.
5. The preferred shares offer relatively high and secure yield. Priority is given to the preferreds over the capital shares in the payment of dividend income and in the eventual return of the full initial price of the shares.
6. The capital shares pay a dividend like the preferred shares( As long as the NAV is above the Threshold as defined by the split-corp). Additionally the shares offer participation in the leveraged capital gains/losses of the underlying basket of conventional shares.
7. The preferreds and class A shares of a split share corporation are independently tradeable and have a very different risk profile. Dividends on Class A shares are not paid once the NAV is below the threshold and unit price suffers great declines.d
8. Dividends of the preferreds are safer than dividends from class A shares. In addition, for the majority, preferred dividends are eligible for the dividend tax credit.