List of Canadian Royalty Trusts

This is a list of the Canadian royalty and income trusts that trade on the U.S. exchanges. Many more Canadian trusts trade only in Toronto and are not included here, since this site covers securities available on the American exchanges.

Canadian trusts differ from their U.S. counterparts in an important way: many hold operating businesses rather than a passive royalty interest in a fixed set of wells, so they can acquire assets and replace production rather than simply depleting.

Other lists: Real Estate Investment Trusts Closed-End Funds Exchange-Traded Funds (Index ETFs) Master Limited Partnerships Royalty Trusts – U.S. Royalty Trusts – Canadian Business Development Companies Income Deposit Securities Special Investment Products (SIP) SIP – Common Stock Ownership SIP – Based on Indexes SIP – Based on Companies Special Purpose Acquisition Companies

How to use this list

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Prospectus — links to the security's original IPO prospectus filed with the SEC EDGAR system.
"n.a." means not available. This list is dynamic and updated constantly; information is believed accurate but is not guaranteed.

Symbol / CUSIP	Security Description	Exchange	IPO Date	Call Date	Prospectus
AWRRF 000255109	A&W Revenue Royalties Income Fund	OTOTC	n.a.	n.a.
ENDTF 292963105	Canoe EIT Income Fund Units	OTOTC	n.a.	n.a.	Foreign co.
PEYUF 717046106	Peyto Exploration & Development Corp.	OTOTC	n.a.	n.a.

The 2011 tax change reshaped this sector

Canada's income trust structure was hugely popular until the government announced in 2006 that trusts would be taxed at the entity level from 2011, removing the flow-through advantage. Most large Canadian trusts converted to ordinary corporations in response.

The survivors are a much smaller and more specialised group than the sector was at its peak. Any historical yield comparison spanning that period is comparing two different things.

Withholding tax and currency

Distributions to U.S. investors are generally subject to Canadian withholding tax, commonly 15% under the tax treaty. In a taxable account this is usually recoverable via the foreign tax credit; in an IRA it often is not, so the withholding is simply lost.

Distributions are also declared in Canadian dollars, so your income in U.S. dollars varies with the exchange rate even when the trust's payout is unchanged.

About this data

QuantumOnline has tracked exchange-traded income securities since 1997. Every security in this list is researched and maintained by hand from the issuer's prospectus and SEC filings, not scraped from a vendor feed. Where a figure is unavailable we show "n.a." rather than guessing.

Information is believed to be accurate but is not guaranteed, and nothing here is a recommendation to buy or sell. Always confirm terms against the issuer's prospectus before investing.