Diversified Risk. Undiversified Returns.
Established in 2016, the Lynx Equity Income Trust (the "Trust") is an open-ended mutual fund trust which aims to provide investors with a substantial and growing return while focusing on the preservation of capital. The Trust invests in the participating debt of Lynx Equity Limited’s diversified portfolio of 15 U.S. companies. Funds raised by the Trust are used to finance the growth of this portfolio, which generated revenue of $351 million CAD in fiscal 2025.
What is Lynx Equity Limited?
Founded in 2007, Lynx Equity Limited (“Lynx”) is a Toronto-based private equity firm that acquires small to medium sized businesses from owners who are looking to retire. Unlike many private equity firms, Lynx operates under a unique buy-and-hold strategy, focusing on the long-term ownership and growth of each portfolio company. Comprised of 54 businesses and over 2,700 employees across Canada, the US, the UK, the Netherlands, and Denmark, Lynx's portfolio generated over $900 million of consolidated revenue in fiscal 2025. Lynx was ranked 397th on the 2025 Financial Post 500 list of the largest companies in Canada.
Our Family of U.S. Companies
Why invest in the Lynx Equity Income Trust?
-
Annual base target yields on Trust Units are paid quarterly, ranging from 8.25% to 9.90%.
-
In addition to the base target yield, Trust Unit yields may grow over time as 80% of royalty growth on the Trust’s investments passes on to Preferred Trust Units.
-
The distribution of royalty growth is weighted towards those who have been invested in the Trust for the longest period. As such, in the event that annual yield increases, long-term investors earn a greater amount than new investors. For example, those who purchased Preferred A Trust Units in 2016 currently earn 9.87% per year, whereas new Preferred A investors initially earn 8.25% per year.
-
Since its inception in 2007, the Lynx management team has successfully identified, acquired, and integrated over 60 businesses in Canada, the U.S., the UK, Denmark, and the Netherlands. As a result, Lynx has become one of Canada’s largest companies, generating more than $900 million of revenue in 2025.
-
The value of an investment in the Trust is fixed from the time of purchase to redemption, sheltering it from market volatility. Preferred Units are structured to preserve capital and are considered similar to an income investment redeemable at the purchased price. All returns to investors are paid out via quarterly distributions.
Key Trust Facts
| Name | Lynx Equity Income Trust | |
|---|---|---|
| Inception Date | August 2016 | |
| Fund Type | Open-ended Mutual Fund Trust | |
| Fund Status | ||
| Assets Under Management | $57.7 million as at December 31, 2025 | |
| Fund Administrator | Lynx Capital Administration Corp. | |
| Distributions | Quarterly with DRIP option | |
| Purchases | Monthly closes on the 15th of the month, or first subsequent business day. | |
| Redemptions | Monthly, on the last business day of the month, subject to notice period, redemption fees, and limits. Please see the Trust's Offering Memorandum. | |
| Management Fee | None | |
| Available Units | Preferred A (9.0/1.0) Preferred A (5.5/1.0) Preferred B Preferred F Preferred I Preferred A (USD) (9.0/1.0) Preferred A (USD) (5.5/1.0) Preferred B (USD) Preferred F (USD) Preferred I (USD) |
Fundserv Code: PAI502 Fundserv Code: PAI510 Fundserv Code: PAI503 Fundserv Code: PAI504 TBD Fundserv Code: PAI507 Fundserv Code: PAI511 Fundserv Code: PAI508 Fundserv Code: PAI509 TBD |
| Minimum Investment | $10,000.00 in CAD or USD | |
| Registered Plan Status | Eligible (RRSP, TFSA, LIRA, LIF, RRIF, RESP, RDSP, FHSA) | |
| Initial Target Return | 8.25% Preferred A and Preferred B, 9.25% Preferred F, and 9.90% Preferred I | |