8th Annual Investment Forecast Series
In February, Yorkville hosted our 8th annual Investment Forecast Series across Ottawa and Toronto. The events were well attended with affluent members of the community coming together to hear Hussein Amad, our President & CEO, provide our outlook of 2019. Below are the key takeaways:
- Core to Yorkville’s investment philosophy is our continued investments in the global health care sector;
- The Age of Intelligence (smart technology) is another core strategy;
- Further investment into payment systems and regional US banks;
- Satellite strategies include increasing investments in industrials (defence), infrastructure, shipping, China, and cannabis related to health care.
We also heard from a panel of Yorkville’s finest, discussing new and different investment opportunities available at Yorkville.
Thank you to our clients, friends, and family for their help in making each of these events a great success.
Congratulations to Kaitlyn Olsheskie who was awarded the 2018 Yorkville Asset Management Scholarship of Excellence. This scholarship recognizes high scholastic achievement in the 3 year Business Administration – Finance Program at Algonquin College. We are proud to be in partnership with Algonquin College, and wish Kaitlyn all the success as she pursues her career in the finance industry.
National Philanthropy Day - West Lincoln Memorial Hospital Foundation
Yorkville was the proud sponsor of the West Lincoln Memorial Hospital Foundation’s National Philanthropy Day dinner in Grimsby, ON. We gathered together to celebrate and understand the meaning behind this day, and to hear from Michel Chikwanine, a former child soldier from the Democratic Republic of Congo. Michel’s story was humbling and inspiring, and we thank him for taking the time to share it with us.
Yorkville recently reached the Founder donor level ($100,000+) with the West Lincoln Memorial Hospital Foundation, which works with the community to help raise funds for West Lincoln Memorial Hospital in Grimsby, ON.
Save a Child's Heart - UnGala 2018
Yorkville was a proud sponsor of the annual UnGala event hosted by Save a Child’s Heart Foundation of Canada this past Wednesday. Over 300 people gathered at Chef’s Assembly Hall in downtown Toronto in support of this great cause.
Save a Child’s Heart Foundation works towards improving the quality and accessibility of cardiac care for children. Through their programs in Israel, they provide life-saving cardiac treatment to children from developing countries and train health care professionals from these countries to have the skills to deliver quality care in their home communities.
Toronto Wine Tasting Event
To add to the excitement of the Toronto International Film Festival, clients and friends of Yorkville Asset Management gathered at the Shangri-La Hotel on September 12th to celebrate good company … and good wine! Guests were able to taste a selection of exclusive reserve wines, and indulge in a variety of delicious foods.
All in all, the event was a great success. Thank you to our clients, friends and family for spending the evening with us!
2018 Charity of Hope Gala - Colours of Hope
For the second year in a row, Yorkville was a proud sponsor of the Charity of Hope’s annual gala – this year’s theme was Colours of Hope. The event was well attended, with special guest, Gerry Dee, entertaining the crowd for the evening.
The Charity of Hope’s vision is to grant wishes that will give hope to children and youth in need across Canadian communities. They provide funding to schools and teachers to help students stay engaged and thrive in school, and to community programs that help underprivileged children and youth. They also provide acts of hope through funding to children and families that need immediate support.
Yorkville Asset Management Inc. is pleased to announce the 2018 performance of their funds. Three of the funds finished the year with a first quartile performance, according to MorningStar. In addition, three of the funds outperformed their respective benchmarks for the year.
To read the full press release, please click here.
Southbridge Care Homes Enhances Senior Management Team
Senior management appointments have been announced by Southbridge Care Homes to support the tremendous growth experienced in the business, and to provide a foundation for its continued expansion into the future.
To read the full press release, please click here.
Yorkville Asset Management Inc. announces risk rating changes to the following funds:
- Yorkville Enhanced Protection Class
- Yorkville Canadian QVR Enhanced Protection Class
- Yorkville American QVR Enhanced Protection Class
- Yorkville Health Care Opportunities Class
- Yorkville Global Opportunities Class
To see the new risk ratings and to read the full press release, please click here.
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Distributions are required to pass-through the taxable gains and income generated by the fund over the past year.
As is the case with the majority of our mutual fund investors, if these distributed amounts are not taken as cash, they are simply reinvested in the form of new shares of the respective fund series. As is the industry standard, to keep the overall value of a client’s account in equilibrium, the value of the brand new shares added to a client’s account will result in a corresponding reduction of the NAV of each share of the fund after the distribution is complete.
For taxable (open) accounts, distributions on March 28th, 2018 will generate a tax slip generated in January / February of 2019. For registered accounts, like RRSPs and others, no tax slips will be generated as a result of these distributions.
Please find the March 28th, 2018 distributions information here. If you have any questions, please don't hesitate to contact us.
Southbridge Health Care LP and Yorkville Long Term Health Care Fund Complete Acquisition
With approval from the Ontario Ministry of Health and Long Term Care, Southbridge Health Care LP, and the Yorkville Long Term Health Care Fund have finalized the acquisition of three long term care homes in Thunder Bay.
Yorkville continues to work to provide our clients with stable yields and access to markets that aren’t otherwise available. We are pleased with this acquisition and the projected accretive returns for our investors.
For more information and to read the full press release, please click here.
Yorkville celebrates the 5-year anniversary of the Yorkville Long Term Health Care Fund.
For more details and to read the press release in full, click below:
The team at Yorkville Asset Management Inc. would like to extend a Happy New Year and well wishes to all clients, advisors, and friends for 2018.
On January 3rd, 2018, a press release (https://www.heritageresp.com/knowledge-first-press-release) was released announcing the sale of Heritage Education Funds RESP (Heritage RESP) to Knowledge First Financial (KFF). We at Yorkville feel that this is a positive change that will create a dominant national RESP organization, serving a broader range of Canadians combining the skills and experiences of two successful companies.
The sale only involves Heritage’s RESP business, and does not involve the parent company, Heritage Financial Group Limited (HFGL), and its other business interests. These interests include an equity investment in Yorkville, to which HFGL continues to be an important and valued partner.
Yorkville has maintained a shared service arrangement with Heritage for many non-core logistical functions, and we are making some changes today to transition these services (i.e., IT, accounting, etc.) onsite. The team at Yorkville is actively managing these adjustments, and is well-prepared for the changes to come.
Looking forward, 2018 will be a productive and busy time for Yorkville, as we continue to support our Private Client service offerings, Mutual Fund business, and new ventures. We are rapidly growing our asset base, which will require the continued expansion of our capable professional team, and the development of new offices. As always, we are committed to providing great service and clear communication to our clients. Please do not hesitate to contact us with any questions you may have.
Again, we wish you all the best for 2018.
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