Service Fee
May 31 2022 - 3:37PM
(TSX: INC.UN, FTN, DFN, FFN, FTU, LFE, PDV,
DF, YCM, XMF.A, XTD, DS) Quadravest
Capital Management Inc. (“Quadravest”), the investment manager of
the Companies listed below (together, the “Companies”), announces
today that effective June 1, 2022, the Companies will discontinue
the payment of the service fee which is currently paid to dealers
whose clients hold Class A Shares, Capital Shares, Equity Shares or
Units, as applicable, of the Companies.
This change is required in order for the Companies
to comply with applicable securities laws across all dealer
platforms. The discontinuation of the service fee will reduce the
expenses of each of the Companies, thereby increasing the returns
of each Company.
Company Name |
TSX Symbol |
Base Shelf |
Prospectus Supplement |
Income Financial |
INC.UN |
July 23, 2021* |
April 8, 2022 |
Financial 15
Split Corp. |
FTN |
November 22, 2021 |
November 22, 2021 |
Dividend 15
Split Corp. |
DFN |
July 3, 2020 |
January 25, 2022 |
North
American Financial 15 Split Corp. |
FFN |
July 3, 2020* |
April 12, 2022 |
US Financial
15 Split Corp. |
FTU |
- |
- |
Canadian
Life Companies Split Corp. |
LFE |
February 11, 2022 |
March 16, 2022 |
Prime
Dividend Corp. |
PDV |
- |
- |
Dividend 15
Split II Corp. |
DF |
May 7, 2021* |
April 12, 2022 |
New Commerce
Split Corp. |
YCM |
- |
- |
M Split
Corp. |
XMF.A |
- |
- |
TDb Split
Corp. |
XTD |
December 1, 2021 |
December 2, 2021 |
Dividend
Select 15 Corp. |
DS |
December 9, 2021* |
December 13, 2021 |
|
|
*as amended |
|
Investor Relations:
1-877-478-2372416-304-4443info@quadravest.com
Certain statements included in this news release
constitute forward-looking statements, including, but not limited
to, those identified by the expressions “expect”, “intend”, “will”
and similar expressions to the extent they relate to the Companies.
The forward-looking statements are not historical facts but reflect
a Company’s current expectations regarding future results or
events. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or events
to differ materially from current expectations. Although each of
the Companies believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance and,
accordingly, readers are cautioned not to place undue reliance on
such statements due to the inherent uncertainty therein. The
Company undertakes no obligation to update publicly or otherwise
revise any forward-looking statement or information whether as a
result of new information, future events or other such factors
which affect this information, except as required by law.
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