Monthly Dividend Announcement by M Split Corp.
M Split Corp. is pleased to announce a monthly distribution for its Class I Preferred shareholders. The declared dividend is set at $0.03125 per share, which translates to an annual rate of $0.375. This brings the annual yield to a noteworthy 7.50%, based on the $5 notional issue price. These distributions reflect M Split's ongoing dedication to delivering value to its shareholders.
Details of the Dividend Payment
The dividends are scheduled to be paid on September 10 to all shareholders recorded as of August 29. This timely announcement reassures investors of the consistent returns from their investments in M Split Corp., particularly for those holding Class I Preferred shares.
Class I Preferred Share Overview
M Split Corp. engages in an investment strategy focused on common shares of Manulife Financial Corporation, a leading financial institution in Canada known for its comprehensive insurance and wealth management services. This strategic investment not only ensures substantial returns for M Split shareholders but also positions the company favorably within the financial services sector.
Upcoming Payment Dates
As per the provided schedule, the critical dates for the upcoming dividend distribution are as follows:
- Record Date: August 29
- Payable Date: September 10
Contact Information for Investors
M Split Corp. maintains a commitment to transparency and investor support. For any inquiries regarding the dividend or investment strategies, shareholders may reach out through the following channels:
- Investor Relations: 1-877-478-2372
- Local Contact: 416-304-4443
- Email: info@quadravest.com
- Website: www.m-split.com
Frequently Asked Questions
What is the amount being declared for the monthly dividend?
The monthly dividend declared for the Class I Preferred shares is $0.03125 per share.
When can shareholders expect to receive the dividend?
Dividends will be payable on September 10 to shareholders who are on record as of August 29.
What is the annual dividend rate for Class I Preferred shares?
The annual dividend rate for Class I Preferred shares is 7.50% based on the $5 notional issue price.
Which company does M Split Corp. invest in?
M Split Corp. primarily invests in common shares of Manulife Financial Corporation, a major player in Canada's financial services.
How can I contact M Split Corp. for further inquiries?
Investors can contact M Split Corp. through their toll-free number, local number, email, or visit their official website for detailed inquiries.
