A multitude of different quantitative attributes, in isolation and in combination, help underscore the reliability of our value oriented focus. Add on top of that our ability to buy good quality, well priced companies with great management teams that are growing faster than the industry average. This marriage of sophisticated quantitative analysis plus hands on fundamental homework helps us populate the portfolio with companies that have a high probability of outperforming. We never know which of our portfolio companies will be the best performers, however, what we do know is that if we continue to build portfolio's that are more attractive than the market, we will serve our investors needs.
Unknown and Underappreciated
Many Canadian small companies are unfamiliar to investors. As a result, we are often able to buy undervalued equities with a proven track record well before the market becomes acquainted with these companies. Investor complacency also helps create opportunities in this already inefficient asset class. Our independent in-house research teams are prepared to capitalize on these opportunities.
Long-Term Investment Style
Our objective is to constantly look forward, endeavoring to find the next world class, undiscovered small company. We do this by focusing on long term prospects and not necessarily the next quarter's earnings scorecard. Short term market turbulence is viewed as an opportunity to add to our preferred companies. The Fund's top ideas are held for an average of approximately three years. Generally, the top ten favourite companies represent 40 to 50 per cent of the portfolio's value. With this methodology we look forward to continue to provide our unit holders a measurably superior investment product.
Distribution Information
Eligible Dividend Designation
The Norrep Group of Funds advises that any dividends paid by Norrep Opportunities Corp. (Norrep II Class, Norrep Q Class, Norrep Income Growth Class, Norrep US Class and Norrep Global Class) are designated as eligible dividends" for Canadian Income Tax purposes, unless otherwise stated.
Annual Distribution
The distribution noted to the left is the total annual distribution. This distribution may consist of capital gains dividends and regular dividends. For the 2007 taxation year, the distribution per share for the Norrep II Class is comprised of the following: $1.30 capital gains dividend and $0.21 eligible dividend.
