TDb Split Corp. Announces Monthly Dividend for Shares
TDb Split Corp. Regular Monthly Dividend Announcement
TDb Split Corp., which manages a specialized investment portfolio, has declared its regular monthly distribution amounting to $0.04375 for each of its Priority Equity shares. This translates to an annual distribution of $0.525 per share. Shareholders will receive the distribution on October 10, with eligibility based on their status as recorded shareholders as of September 30.
Details on Class A Shares Distribution
It is important to note that no regular monthly dividends will be allocated to Class A Shares for September 30. According to the established Prospectus, dividends for Class A shares will remain suspended as long as the net asset value per unit is at or below $12.50. This policy is designed to maintain the integrity of the fund's financial health.
Investment Portfolio Composition
Currently, TDb Split's investment portfolio aligns with the preset criteria established under the Priority Equity Portfolio Protection Plan. This gives confidence to investors, as it illustrates a commitment to safeguarding equity while delivering value through structured dividends.
Total Distribution History
Since its inception, the performance of Class A shareholders has been noteworthy, with total distributions reaching $7.90 per share. Concurrently, Priority Equity shareholders have benefited from total distributions of $9.00 per share. Collectively, this results in an impressive total of $16.90 per share thus far, underscoring the effective distribution strategy employed by TDb Split.
Focus on Quality Investments
The core investment strategy of TDb Split involves investing in the common shares of the Toronto-Dominion Bank, one of Canada's premier financial institutions. By focusing on a robust entity such as TD Bank, TDb Split aims to enhance the potential for returns while maintaining a balanced risk profile.
Distribution Details
Key Distribution Information
Here are the essential details regarding the recent distribution announcement:
- Priority Equity Share (XTD.PR.A): $0.04375
- Record Date: September 30, 2024
- Payable Date: October 10, 2024
Investor Relations Contact Information
For any inquiries regarding investment, investors can reach out through the following contact options:
1-877-478-2372 (Toll-Free)
Local: 416-304-4443
Visit: www.tdbsplit.com
Email: info@quadravest.com
Frequently Asked Questions
What is the distribution amount for Priority Equity shares?
The distribution amount for Priority Equity shares is $0.04375.
When is the payable date for the distributions?
Distributions will be payable on October 10, 2024.
Are there any distributions for Class A shares?
No distributions will be paid to Class A shares for September 30 due to net asset value conditions.
What is the investment focus of TDb Split Corp.?
TDb Split focuses primarily on investing in common shares of the Toronto-Dominion Bank.
How can investors contact investor relations?
Investors can contact via phone, email, or visit the corporate website for inquiries.
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