TDb Split Corp. Monthly Dividend Update
TDb Split Corp. has recently declared its regular monthly distribution amounting to $0.04375 for each Priority Equity share, which totals to $0.525 annually. This distribution is scheduled to be payable on November 8 to shareholders with records as of October 31.
Class A Shares Distribution Information
As delineated in the Prospectus, there will be no distribution attributed to Class A Shares during this period. This decision is based on the stipulation that no dividends will be allocated to Class A Shares as long as the net asset value remains at or below $12.50.
Portfolio Protection Plan
The current composition of TDb Split's investment portfolio fulfills the criteria set by the Priority Equity Portfolio Protection Plan outlined in the Annual Information Form. This strategic approach aims to safeguard investors' interests by maintaining a well-structured investment policy.
Total Returns to Shareholders
Since its inception, shareholders of Class A have received a cumulative $7.90 per share, while Priority Equity shareholders have benefited from a total of $9.05, bringing the combined received amounts to $16.95. This performance reflects TDb Split's commitment to delivering value to its investors.
Investment Focus
TDb Split's investment strategy primarily involves acquiring common shares of prominent Canadian financial institutions, including Toronto-Dominion Bank. This approach not only aligns with the company's vision but also positions it to capitalize on the stability and growth potential of the financial sector.
Distribution Details
The details of the upcoming distribution are as follows:
- Priority Equity Share (XTD.PR.A): $0.04375
- Record Date: October 31
- Payable Date: November 8
Contact Information for Investors
For additional information or inquiries, shareholders can reach out through the following channels:
Investor Relations: 1-877-478-2372
Local: 416-304-4443
Email: info@quadravest.com
Website: www.tdbsplit.com
Frequently Asked Questions
What is the monthly distribution declared by TDb Split Corp.?
TDb Split Corp. has declared a monthly distribution of $0.04375 for each Priority Equity share.
When will the distribution be paid to shareholders?
The distribution will be payable on November 8 to shareholders on record as of October 31.
Are there any distributions for Class A Shares this month?
No, there will be no distributions paid to Class A Shares due to the net asset value conditions specified in the Prospectus.
What is the total amount received by Priority Equity shareholders?
Total distributions received by Priority Equity shareholders amount to $9.05 per share since inception.
What kind of investments does TDb Split focus on?
TDb Split primarily invests in common shares of leading Canadian financial institutions, notably the Toronto-Dominion Bank.
