TDb Split Corp. Announces Regular Monthly Dividend
TDb Split Corp. ("TDb Split") has announced its regular monthly distribution of $0.04375 for each Priority Equity share, which amounts to $0.525 annually. These distributions will be paid to shareholders who are on record.
Status of Class A Shares Distribution
There will be no distribution for Class A Shares, as stated in the Prospectus, which specifies that no dividends will be issued while the net asset value per unit remains at or below $12.50.
Overview of the Investment Portfolio
The investment portfolio of TDb Split is currently in compliance with the requirements of the Priority Equity Portfolio Protection Plan.
Details on Distributions
Since its inception, Class A shareholders have received a cumulative total of $7.90 per share, while Priority Equity shareholders have received $8.96 per share, leading to an overall total of $16.86.
Investment Focus of the Company
TDb Split primarily invests in the common shares of Toronto-Dominion Bank, which is a prominent financial institution in Canada.
Distribution Details
Priority Equity Share (XTD.PR.A): $0.04375
Record Date
Date: August 30, 2024
Payable Date
Date: September 10, 2024
Investor Relations
If you have any inquiries, please reach out to Investor Relations at 1-877-478-2372 or locally at 416-304-4443. You can also contact them via email at info@quadravest.com.
Frequently Asked Questions
What is the declared dividend amount for Priority Equity shares?
The declared monthly dividend for Priority Equity shares is $0.04375.
When will the dividend be payable?
The dividend will be payable on September 10, 2024.
Are there dividends paid on Class A Shares?
No dividends will be paid to Class A Shares as long as the net asset value per unit is $12.50 or below.
What portfolio does TDb Split invest in?
TDb Split invests in common shares of Toronto-Dominion Bank.
How can I contact Investor Relations?
Investor Relations can be contacted at 1-877-478-2372 or via local number 416-304-4443.
