New fund offered by simplified prospectus across all Canadian provinces and territories; Series F Founders units available at a 0.35% management fee
Toronto, Ontario–(Newsfile Corp. – October 30, 2026) – Algonquin Capital Corporation (“Algonquin”) announced the launch of the Algonquin Income Fund (the “Fund”), a conventional mutual fund focused on subordinated debt and other income-producing instruments issued by governments, corporations and financial institutions in the developed world.
Units of the Fund are qualified for distribution in each of the provinces and territories of Canada under a simplified prospectus dated October 28, 2026. The Fund is offered alongside Algonquin’s existing offerings and is Algonquin’s first conventional mutual fund.
The Fund will be available to investors beginning November 2, 2026.
Investment objective and strategy
The Fund’s investment objective is to preserve capital and generate returns through current income and capital appreciation by investing primarily in subordinated debt and income-producing instruments issued by governments, corporations and financial institutions in the developed world.
The Fund invests primarily in subordinated fixed income securities, focusing on corporate, government and agency debt. In ordinary market conditions, roughly half of the portfolio is expected to be foreign securities. The Fund may also invest in convertible debt, floating rate securities, corporate bonds and loans, and preferred shares, and may use derivatives, including credit default swaps, for hedging and non-hedging purposes as permitted by securities regulation.
Fund details
The Fund offers five series of units. Series F Founders units are available to new investors until that series reaches a net asset value of $50 million. Algonquin does not charge performance fees on any series.
|
Series |
Management fee (annual) |
Available to |
|
Series A |
1.15% |
All investors |
|
Series F Founders |
0.35% |
Fee-based accounts, until the series reaches $50 million NAV |
|
Series F |
0.65% |
Fee-based and wrap accounts |
About Algonquin Capital
Algonquin Capital Corporation is a Toronto-based investment manager specializing in fixed income. Algonquin is registered with the Ontario Securities Commission as an investment fund manager, portfolio manager and exempt market dealer, and acts as investment manager of Algonquin Income Fund, Algonquin Fixed Income 2.0 Fund, and Algonquin Debt Strategies Fund LP. For more information, visit www.algonquincap.com.
Media contact
Raj Tandon, Algonquin Capital Corporation 161 Bay Street, Suite 1230, Toronto, Ontario M5J 2S1
