The GMIncome & Growth Fund is invested in a portfolio comprised primarily of Canadian dividend-paying common shares, preferred shares and convertible debentures.

Over several decades, dividends have benefited investors by accounting for approximately two-thirds of total equity returns and dampening the volatility associated with investing in equities. In addition, dividends from Canadian corporations have become increasingly tax efficient and are now taxed at a lower rate than interest income.

We remain focused on investing in the securities of high quality issuers that generate sufficient dividends or interest payments to allow the Fund to achieve its investment objectives.