Big Pharma Split Corp.

Distributions

(For the purposes of the Income Tax Act (Canada) and any corresponding provincial or territorial legislation, all dividends paid by Big Pharma Split Corp. on its Class A Shares and Preferred Shares are “eligible dividends”, unless otherwise indicated.)

Last Distribution Per Unit (Class A): $0.1031
Last Ex-dividend Date (Class A): 2024/05/31
Last Record Date (Class A): 2024/05/31
Distribution Frequency (Class A): Monthly
Distributions Since Inception* (Class A): $8.8311
Last Distribution Per Unit (Preferred Share): $0.1250
Last Ex-dividend Date (Preferred Share): 2024-03-27
Last Record Date (Preferred Share): 2024-03-28
Distribution Frequency (Preferred Share): Quarterly
Distributions Since Inception* (Preferred Share): $3.1766
Ex-dividend DateRecord DatePayment DateClass A ShareDistribution FrequencyPreferred ShareDistribution Frequency
2024/05/312024/05/312024/06/07$0.1031Monthly
2024/04/292024/04/302024/05/09$0.1031Monthly
2024/03/272024/03/282024/04/09$0.1031Monthly$0.1250Quarterly
2024/02/282024/02/292024/03/08$0.1031Monthly
2024/02/212024/02/222024/02/26$0.0733Special
2024/01/302024/01/312024/02/09$0.1031Monthly
Ex-dividend DateRecord DatePayment DateClass A ShareDistribution FrequencyPreferred ShareDistribution Frequency
2023/12/282023/12/292024/01/09$0.1031Monthly$0.1250Quarterly
2023/11/292023/11/302023/12/08$0.1031Monthly
2023/10/302023/10/312023/11/09$0.1031Monthly
2023/09/282023/09/292023/10/06$0.1031Monthly$0.1250Quarterly
2023/08/302023/08/312023/09/08$0.1031Monthly
2023/07/282023/07/312023/08/09$0.1031Monthly
2023/06/292023/06/302023/07/07$0.1031Monthly$0.1250Quarterly
2023/05/302023/05/312023/06/09$0.1031Monthly
2023/04/272023/04/282023/05/09$0.1031Monthly
2023/03/302023/03/312023/04/06$0.1031Monthly$0.1250Quarterly
2023/02/272023/02/282023/03/09$0.1031Monthly
2023/01/302023/01/312023/02/09$0.1031Monthly
Ex-dividend DateRecord DatePayment DateClass A ShareDistribution FrequencyPreferred ShareDistribution Frequency
2022/12/292022/12/302023/01/09$0.1031Monthly$0.1250Quarterly
2022/11/292022/11/302022/12/09$0.1031Monthly-
2022/10/282022/10/312022/11/09$0.1031Monthly-
2022/09/282022/09/292022/10/07$0.1031Monthly$0.1250Quarterly
2022/08/302022/08/312022/09/09$0.1031Monthly-
2022/07/282022/07/292022/08/09$0.1031Monthly-
2022/06/292022/06/302022/07/08$0.1031Monthly$0.1250Quarterly
2022/05/302022/05/312022/06/09$0.1031Monthly-
2022/04/282022/04/292022/05/09$0.1031Monthly-
2022/03/302022/03/312022/04/08$0.1031Monthly$0.1250Quarterly
2022/02/252022/02/282022/03/09$0.1031Monthly-
2022/01/282022/01/312022/02/09$0.1031Monthly-
Ex-dividend DateRecord DatePayment DateClass A ShareDistribution FrequencyPreferred ShareDistribution Frequency
2021/12/302021/12/312022/01/07$0.1031Monthly$0.1250Quarterly
2021/11/292021/11/302021/12/09$0.1031Monthly-
2021/10/282021/10/292021/11/09$0.1031Monthly-
2021/09/282021/09/292021/10/08$0.1031Monthly$0.1250Quarterly
2021/08/302021/08/312021/09/09$0.1031Monthly-
2021/07/292021/07/302021/08/09$0.1031Monthly-
2021/06/292021/06/302021/07/09$0.1031Monthly$0.1250Quarterly
2021/05/282021/05/312021/06/09$0.1031Monthly-
2021/04/292021/04/302021/05/07$0.1031Monthly-
2021/03/302021/03/312021/04/09$0.1031Monthly$0.1250Quarterly
2021/02/182021/02/192021/02/24$0.7160Special-
2021/02/252021/02/262021/03/09$0.1031Monthly-
2021/01/282021/01/292021/02/09$0.1031Monthly-
Ex-dividend DateRecord DatePayment DateClass A ShareDistribution FrequencyPreferred ShareDistribution Frequency
2020/12/302020/12/312021/01/08$0.1031Monthly$0.1250Quarterly
2020/11/272020/11/302020/12/09$0.1031Monthly-
2020/10/292020/10/302020/11/09$0.1031Monthly-
2020/09/292020/09/302020/10/09$0.1031Monthly$0.1250Quarterly
2020/08/282020/08/312020/09/09$0.1031Monthly-
2020/07/302020/07/312020/08/07$0.1031Monthly-
2020/06/292020/06/302020/07/09$0.1031Monthly$0.1250Quarterly
2020/05/282020/05/292020/06/09$0.1031Monthly-
2020/04/292020/04/302020/05/08$0.1031Monthly-
2020/03/302020/03/312020/04/09$0.1031Monthly$0.1250Quarterly
2020/02/272020/02/282020/03/09$0.1031Monthly-
2020/01/302020/01/312020/02/07$0.1031Monthly-
Ex-dividend DateRecord DatePayment DateClass A ShareDistribution FrequencyPreferred ShareDistribution Frequency
2019/12/302019/12/31$0.1031Monthly$0.1250Quarterly
2019/11/282019/11/29$0.1031Monthly-
2019/10/302019/10/31$0.1031Monthly-
2019/09/272019/09/30$0.1031Monthly$0.1250Quarterly
2019/08/292019/08/30$0.1031Monthly-
2019/07/302019/07/31$0.1031Monthly-
2019/06/272019/06/28$0.1031Monthly$0.1250Quarterly
2019/05/302019/05/31$0.1031Monthly-
2019/04/292019/04/30$0.1031Monthly-
2019/03/282019/03/29$0.1031Monthly$0.1250Quarterly
2019/02/272019/02/28$0.1031Monthly-
2019/01/302019/01/31$0.1031Monthly-
Ex-dividend DateRecord DatePayment DateClass A ShareDistribution FrequencyPreferred ShareDistribution Frequency
2018/12/282018/12/31$0.1031Monthly$0.1250Quarterly
2018/11/292018/11/30$0.1031Monthly-
2018/10/302018/10/31$0.1031Monthly-
2018/09/272018/09/28$0.1031Monthly$0.1250Quarterly
2018/08/302018/08/31$0.1031Monthly-
2018/07/302018/07/31$0.1031Monthly-
2018/06/282018/06/29$0.1031Monthly$0.1250Quarterly
2018/05/302018/05/31$0.1031Monthly-
2018/04/272018/04/30$0.1031Monthly-
2018/03/282018/03/29$0.1031Monthly$0.1250Quarterly
2018/02/272018/02/28$0.1031Monthly-
2018/01/302018/01/31$0.1031Monthly-
Ex-dividend DateRecord DatePayment DateClass A ShareDistribution FrequencyPreferred ShareDistribution Frequency
2017/12/282017/12/29$0.1031Monthly$0.0516Quarterly

* Since Inception Date:  Class A is 2017/11/24;  Preferred Share is 2017/11/24.

2024

STRUCTURED FUNDS (as at 2024/06/14)
SymbolClassNAVRecent
Distribution
Current Yield*
PRMClass A Share$13.83$0.1031 /
MTH
8.74%
PRMPreferred Share$10.00$0.1250 /
QTR
5.00%

Why Invest In This Fund?


Big Pharma Split Corp. will invest in an initially equally-weighted portfolio comprised of Equity Securities of ten issuers, selected by the Portfolio Manager from the Investable Universe, that at the time of investment and immediately following each semi-annual reconstitution and rebalancing: (i) are listed on a North American exchange; (ii) pay a dividend; and (iii) have options in respect of its Equity Securities that, in the opinion of the Portfolio Manager, are sufficiently liquid to permit the Portfolio Manager to write options in respect of such securities. The Portfolio will be comprised primarily of the largest (as determined by market capitalization calculated in US$) Pharmaceutical Issuers in the Investable Universe.

The Manager will hedge substantially all of the Portfolio’s U.S dollar exposure back to the Canadian dollar.

The Class A Shares provide holders a monthly cash distribution and are targeted to be $0.1031 per share and, for the Preferred Shares, quarterly cash distributions are fixed at $0.1250 per share.

Fund Quick Facts

As at May 31, 2024


TSX Code PRM  | PRM.PR.A
Cusip PRM 08934P108
Cusip PRM.PR.A 08934P207
Total AUM $26.4 million
Management Fee 0.75%
Number of Equity Securities 10
Income Distribution PRM Monthly
Income Distribution PRM.PR.A Quarterly
Distribution PRM $0.1031
Distribution PRM.PR.A $0.1250
Current Yield - PRM 8.81%
Distribution Method Cash
RSP Eligible RRSP/RRIF/RESP/TFSA

 

Portfolio Analysis*

As at May 31, 2024


Average Market Capitalization (CAD) $370B
Average Dividend Yield 3.27%
Average P/E 26.4X

Investor Documents

Monthly Summary  En


Prospectus  En | Fr

Portfolio Management

 

 

PAUL MACDONALD, CFAChief Investment Officer

JAMES LEARMONTH, CFASenior Portfolio Manager
MIKE
DRAGOSITS
, CFA
Portfolio Manager

Historical Prices

Portfolio Holdings

As at May 31, 2024

NameTickerWeightSectorCountry
Eli Lilly and CompanyLLY US11.0%PharmaceuticalsUnited States
Amgen Inc.AMGN US10.8%BiotechnologyUnited States
AstraZeneca PLCAZN US10.8%PharmaceuticalsUnited States
Merck & Co., Inc.MRK US9.9%PharmaceuticalsUnited States
AbbVie Inc.ABBV US9.3%BiotechnologyUnited States
Johnson & JohnsonJNJ US9.3%PharmaceuticalsUnited States
Pfizer Inc.PFE US9.3%PharmaceuticalsUnited States
SanofiSNY US9.0%PharmaceuticalsUnited States
Zoetis Inc.ZTS US8.8%PharmaceuticalsUnited States
Bristol-Myers Squibb CompanyBMY US8.1%PharmaceuticalsUnited States
Cash and other assets and liabilities3.4%
Foreign currency forwards0.6%
Market value of options(0.3)%

Download CSV

Sub-Sector Allocation

As at May 31, 2024

Performance (%)

As at May 31, 2024
Symbol1M3M6MYTD1Y2Y3Y4Y5YSI
PRM4.90(0.08)11.145.408.080.338.119.6712.7910.34
PRM.PR.A0.001.252.521.255.095.095.095.095.094.96

Download CSV

Symbol2023202220212020201920182017
PRM(3.42)10.9523.130.2420.2111.811.36
PRM.PR.A5.095.095.095.095.095.090.52

Download CSV

Cumulative Growth $10,000 Invested

 (NAV pricing)


The “Growth of $10,000 invested” chart shows the final value of a hypothetical $10,000 investment in securities in this class/series of the fund as at the end of the investment period indicated and is not intended to reflect future values or returns on investment in such securities.

Disclaimer

The information contained herein is not an offer to sell nor a solicitation to buy the aforementioned security. You will usually pay brokerage fees to your investment dealer if you purchase or sell Class A shares or Preferred shares of Big Pharma Split Corp. (the “Fund”) on the TSX. If shares are purchased or sold on the TSX, investors may pay more than the current net asset value when buying shares of the Fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Distributions are paid to you in cash from the Class A shares or Preferred shares of the Fund. If the Fund earns less than the amount distributed, the difference is a return of capital. The current yield is calculated based on the market price of the Fund. Big Pharma Split Corp. is managed by Harvest Portfolios Group Inc.

The current yield represents an annualized amount that is comprised of 12 unchanged monthly distributions (using the most recent month’s distribution figure multiplied by 12) as a percentage of the closing market price of the Fund. The current yield does not represent historical returns of the Fund but represents the distribution an investor would receive if the most recent distribution stayed the same going forward.

**Filed on SEDAR April 01, 2020 per NI 81-503 Extension of Certain Filing, Delivery and Prospectus Renewal Requirements of Investment Funds.

† The first year of Calendar Year Performance presents the rate of return from commencement of operations to December 31 of that year.