1. CBNK's net assets increased by $9.54 million in six months. 2. Cash distribution to unitholders is $0.35 per Unit. 3. The Fund targets long-term capital appreciation with Canadian banks. 4. Uses modest leverage (25%) to enhance dividend yields. 5. Option strategies are employed to reduce volatility in investments.
The increase in net assets and regular distributions may attract more investors. Historically, funds that improve returns and distributions typically see price appreciation.
Positive financial results and distributions may spur investor confidence in CBNK, impacting share prices significantly.
Immediate investor interest can enhance stock prices rapidly, as evidenced in previous financial announcements leading to spikes.
TORONTO, Aug. 29, 2025 (GLOBE NEWSWIRE) -- (TSX:CBNK) Mulvihill Canadian Bank Enhanced Yield ETF (the "Fund") announces results of operations for the six months ended June 30, 2025. Increase in net assets attributable to holders of Units amounted to $9.54 million or $0.71 per Unit. Net assets attributable to holders of Units as at June 30, 2025 were $106.37 million or $8.98 per Unit. Cash distributions of $0.35 per Unit were paid to unitholders during the period.
The Fund seeks to provide unitholders with long-term capital appreciation through exposure to a portfolio consisting primarily of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada and The Toronto-Dominion Bank (collectively, the "Banks") and monthly cash distributions.
To accomplish its objectives, the Fund invests substantially all of its assets in common shares of the Banks. Modest leverage of 25 percent enhances the dividend yields of the underlying stocks and provides additional return potential. The Fund also utilizes option strategies to enhance the income generated by the portfolio and to reduce volatility. The Fund is also permitted to invest in public investment funds including exchange-traded funds and other Mulvihill Funds (provided there are no duplication of fees) that provide exposure to such securities.
The Fund's investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. The Fund's Units are listed on Toronto Stock Exchange under the symbol CBNK.
| Selected Financial Information: ($ Millions) | |||||
| Statement of Comprehensive Income | |||||
| For the six months ended June 30, 2025 | |||||
| (Unaudited) | |||||
| Income (including Net Gain on Investments) | $ | 10.52 | |||
| Expenses | (0.98 | ) | |||
| Increase in Net Assets Attributable | |||||
| to Holders of Units | $ | 9.54 | |||
For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.mulvihill.com.
| John Germain, Senior Vice-President & CFO | Mulvihill Capital Management Inc. 121 King Street West Suite 2600 Toronto, Ontario, M5H 3T9 416.681.3966; 1.800.725.7172 www.mulvihill.com info@mulvihill.com |
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