Huntington Beach, CA (PRWEB) August 18, 2006
Investment firm Delta Global Advisors, Inc. announced today the launch of the Delta Global Canadian Energy Trust, Series 2, a unit investment trust which holds a fixed portfolio of 22 Canadian royalty trusts (as of date of deposit) focused on the production of crude oil and natural gas.
These securities, which are similar in structure to REITs in the U.S., are highly sought-after by investors due to their relatively high dividend payouts and the energy sector exposure they provide. Aside from the few that are listed on U.S. exchanges, however, retail investors have had a hard time accessing royalty trusts listed only in Canada—until now.
“It’s nice to take part in providing this solution to brokerage firms and their clients,” said the president of Delta Global, Chip Hanlon. “Hats off to Claymore Securities for once again thinking outside the box in order to create this UIT.”
“Energy remains a vital sector of today’s market and Canadian energy trusts provide a compelling way for many investors to gain exposure to the group,” Hanlon continued.
Christian Magoon, Managing Director at Claymore said, “We are excited to partner with Delta Global on this new product which provides convenient access to the Canadian royalty trust market to U.S. investors.”
The Series 2 UIT, which has an attractive estimated annual income distribution, is available through most full service and discount investment firms and is offered by Chicago-based Claymore Securities, Inc., whose entities have provided supervision, management, servicing or distribution on approximately $14 billion in assets through closed-end funds, unit investment trusts, mutual funds, separately managed accounts and exchange-traded funds.
The current portfolio represents Series 2 of the Delta Global Canadian Energy Trust. Series 1 deposited on July 27th.
About Delta Global:
Delta Global Advisors, Inc. is an investment adviser. Delta Global’s founder and president, Charles “Chip” Hanlon, is a securities analyst, a contributing writer for Real Money and a widely-followed authority on foreign markets, currencies and commodities. He is also writing a forthcoming book on global investing for FT Prentice Hall publishing. Delta Global focuses on providing specialized global investment strategies and consulting on specialized investment themes with institutional clients. Securities offered through Delta Equity Services Corp., 579 Main Street, Bolton MA 01740 • Member NASD, SIPC, MSRB
Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing or distribution on approximately $14 billion in assets through closed-end funds, unit investment trusts, mutual funds, separately managed accounts and exchange-traded funds.
The Trust will invest in the units of Canadian Energy Trusts, foreign securities, companies in the energy sector, as well as small- and mid-cap companies. There are various risks involved with an investment in these types of securities, which may result in a reduction in the value of portfolio units.
Investors that invest in portfolios that contain equities must have an understanding of the risks involved with owning units of Canadian royal trusts. Industry predictions may not materialize and stocks selected may not participate in overall industry growth, if any. There is no guarantee that the portfolios will achieve their investment objectives. The economic condition of the issuers of the securities in the portfolios as well as the stock market in general may worsen and therefore reduce the value of the units of the portfolios. Additionally foreign securities will be more volatile than US securities due to such factors as adverse economic, currency, political, social or regulatory developments in a country and companies in the energy sector are subject to volatile fluctuations in price and supply of energy fuels which can be impacted by international politics and conflicts.
Investors should consider the investment objectives and policies, risk considerations, charges and ongoing expenses of the UIT carefully before investing. The prospectus contains this and other information relevant to an investment in the Trust. Please read the prospectus carefully before you invest or send money. If a free prospectus did not accompany this literature, please contact your securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, IL 60532, 800-345-7999.