MAPF Returns : October 31, 2006

The monthly return for Malachite Aggressive Preferred Fund has been calculated – it was calculated some time ago, actually, and I’m just getting around to updating the websites!

 The unit price as of October 31, 2006, was $9.6628
Returns may therefore be calculated as:

Period Ending October 31, 2006 Return (see Note)
Month +0.48%
Year +6.32%
Two Years (Annualized) +6.38%
Three Years (Annualized) +9.31%
Four Years (Annualized) +13.36%
Five Years (Annualized) +10.30%
MAPF returns are shown after expenses, but before fees.

Note that past performance should not be taken as a guarantee of future performance. You can lose money investing in MAPF or any other investment.
The nice thing about these returns is that they have been virtually entirely dividends and capital gains, resulting in a generally lower tax rate than for interest for most taxable investors.

The fund is available only to accredited investors in Ontario. If you are a Canadian accredited investor not in Ontario with a substantial amount of money to invest, contact me and we can discuss the possibility of Hymas Investment Management Inc. (HIMI) applying for registration in your province or territory.

For more information and documents regarding the fund, see the HIMI website

I have resumed transmission of information regarding the fund to Globefund. I confess to some amusement at the fact that MAPF – 100% invested in TSX listed preferred shares and the occasional preferred security – is categorized as “Canadian Equity” and gets THREE STARS anyway, despite the very favourable conditions for actual equity funds over the past few years.

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