Dividend 15 Split Corp. Elevates Preferred Share Dividends

Dividend 15 Split Corp. Championed Dividend Rate Increase

Dividend 15 Split Corp. is excited to inform its investors about a significant enhancement in the dividend rate for its Preferred Shares, which will rise to 7.00% from the previous 5.50%. This change, effective on December 1, 2024, will change the monthly dividend payout to approximately $0.05833 per share, translating to an annual yield of around $0.70. This adjustment marks an increase of $0.15 per annum compared to prior rates, a beneficial move for its shareholders.

Details on Preferred Share Dividends

Since its inception, Preferred Shareholders of Dividend 15 Split Corp. have received a cumulative total of $10.86 per share in distributions. This is a testament to the company's commitment to providing value to its investors. Importantly, the Class A Shares will maintain a targeted dividend rate set at $0.10 monthly, amounting to $1.20 annually. This stable structure ensures a steady income stream for shareholders.

Company’s Extension of Term and Shareholder Options

In an earlier announcement, Dividend 15 Split Corp. revealed plans to extend the termination date for another five years, shifting from December 1, 2024, to December 1, 2029. This extension comes with enhanced flexibility for shareholders. Those who prefer to exit their investment have the option to retract their shares based on the net asset value per unit calculated on November 29, 2024. Alternatively, shareholders can freely sell their shares at market price, potentially realizing more than the retraction price, or simply continue holding their investments.

Robust Investment Portfolio

The foundation of Dividend 15 Split Corp.'s offerings is its exploration of a diverse portfolio consisting of leading Canadian dividend-yielding stocks. These companies include established names such as the Bank of Montreal, Bank of Nova Scotia, the Canadian Imperial Bank of Commerce, and Royal Bank of Canada. Other noteworthy companies in the portfolio encompass Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Enbridge, Manulife Financial, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, and TC Energy Corporation. This collection of assets positions Dividend 15 Split Corp. favorably to deliver consistent returns to its investors.

Understanding Forward-Looking Statements and Risks

It's important to approach investment with a clear understanding of potential risks. Dividend 15 Split Corp. occasionally includes forward-looking statements in its communications, indicating expectations regarding future results or events. However, such statements do not guarantee future outcomes, as they are influenced by various factors that could lead to different results. Investors are encouraged to consider this inherent uncertainty when making investment decisions.

Contact Information for Investors

Dividend 15 Split Corp. remains dedicated to investor relations and offers support for inquiries. Investors can reach them at 1-877-478-2372 or for local calls, at 416-304-4443. More information can be found on their website, which includes comprehensive details about their offerings and updates. For further inquiries, individuals can also reach out via email at info@quadravest.com.

Frequently Asked Questions

What is the new preferred share dividend rate for Dividend 15 Split Corp.?

The new preferred share dividend rate has increased to 7.00%, effective December 1, 2024.

How much will preferred shareholders receive in dividends monthly?

Preferred shareholders will receive approximately $0.05833 per share monthly.

What is the total value received by preferred shareholders since inception?

Since inception, preferred shareholders have received a total of $10.86 per share in distributions.

What should investors know about the company's termination date extension?

The termination date has been extended from December 1, 2024, to December 1, 2029, providing more time for investors.

Where can I find more information about Dividend 15 Split Corp.?

Investors can visit Dividend 15 Split Corp.'s official website for detailed information and updates on their offerings.

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