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.