Dividend 15 Split Corp. II Boosts Preferred Share Dividend Rate

Dividend 15 Split Corp. II Adjusts Preferred Share Dividend

Dividend 15 Split Corp. II is excited to share some important news regarding its Preferred Shares. The dividend rate is set to rise from 5.75% to 7.00% on the $10.00 repayment value for a new five-year term starting December 1. This increase means shareholders will receive monthly dividends of $0.05833 per share, totaling $0.70 annually. This adjustment marks a significant uptick, with an extra $0.13 per annum compared to the previous rate.

Ongoing Shareholder Benefits

Since its inception, Preferred Shareholders have enjoyed substantial distributions, accumulating to $9.58 per share. The company underscores its commitment to maintaining the Class A Shares dividend policy at a steady rate, with dividends continuing at $0.10 per month, or $1.20 per annum. Such strategies not only aim to reward current shareholders but also fortify the company’s standing within the investment community.

Extension of Term and Retraction Options

As previously shared, the term for Investment returns has been officially extended from December 1 of this year to December 1, 2029. This extension, combined with the increase in preferred share rates, offers further flexibility for shareholders. For those not wishing to hold their investments long-term, the company has introduced additional retraction rights. Shareholders can choose to tender one or both classes of shares, relying on the net asset value per unit calculated on November 29, 2024.

Market Opportunities for Shareholders

The investment landscape provides various options as existing shareholders can decide between selling their shares at market price or taking no immediate action and holding onto them. Given the opportunity to potentially realize higher returns, this would allow shareholders to make informed choices based on market conditions.

Investment Portfolio Overview

Dividend 15 Split Corp. II primarily invests in a carefully selected portfolio of prime Canadian dividend-yielding stocks, ensuring a diverse array of robust financial institutions and corporations. The portfolio includes heavyweights such as Bank of Montreal, Bank of Nova Scotia, and Royal Bank of Canada, alongside other significant entities like Manulife Financial and Enbridge.

Strong Corporate Foundations

This diversified exposure to leading companies in Canada supports the company's strategy of delivering reliable dividends. By investing in well-established businesses, Dividend 15 Split Corp. II aims to sustain and enhance shareholder value over the long haul. The ongoing evaluation of these investments ensures that the portfolio adapts to any market shifts, securing a stable income stream through dividends.

Stay in the Know

Dividend 15 Split Corp. II remains committed to transparency and effective communication with its shareholders. The company encourages all investors to stay updated on performance as well as market analysis. For inquiries and further information, shareholders can reach out directly for support.

Contact Information

Those interested can contact the investor relations team at 1-877-478-2372 or via local number 416-304-4443. For digital correspondence, you can email info@quadravest.com or visit www.dividend15.com for additional details.

Frequently Asked Questions

What is the new preferred share dividend rate?

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

How much will the monthly dividends be?

Monthly dividends will amount to $0.05833 per share, totaling $0.70 annually.

What happens to the termination date?

The termination date has been extended to December 1, 2029, allowing for further investment continuity.

What options do shareholders have for their investments?

Shareholders can retain their shares, sell at market value, or use retraction options established by the company.

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

More information is available on their official website or through direct contact with their investor relations team.

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