Brompton Oil Split Corp. has released its Annual Report to December 31, 2016.
|OSP / OSP.PR.A Performance|
|S&P/TSX Capped Energy Index||+39.6%||+2.0%|
Figures of interest are:
MER: 1.37% of the whole unit value, excluding one time initial offering expenses.
Average Net Assets: We need this to calculate portfolio yield. NAV of 52.2-million in 2016, 47.7-million in 2015, average is 50.0-million.
Underlying Portfolio Yield: Dividends received (net of withholding) of 1.243-million divided by average net assets of 50-million is 2.49%
Income Coverage: Net Investment Income (dividends, withholding, expenses) of 0.502-million divided by Preferred Share Distributions of 1.331-million is 38%.