TDb Split Corp. Regular Monthly Dividend Declaration for Preferred Share
April 23 2020 - 9:00AM
TDb Split Corp. ("TDb Split") declares its regular monthly
distribution of $0.04375 for each Preferred share ($0.525
annually). Distributions are payable May 8, 2020 to
shareholders on record as at April 30, 2020.
Since the latter part of February 2020,
financial markets have been extremely volatile in response to the
developing COVID-19 pandemic and equity markets in particular have
experienced significant declines. The investment portfolio of the
Company has been subject to these market fluctuations and the net
assets of the Company have been materially negatively impacted. The
net asset value per unit of the Company as at April 15, 2020 was
$11.25. No regular monthly distributions will be paid on the Class
A Shares in any month as long as the net asset value per unit is
equal to or less than $12.50. The Company’s investment portfolio
may continue to experience significant volatility as the situation
evolves.
Since inception, Class A shareholders have
received a total of $6.40 per share and Preferred shareholders have
received a total of $6.68 per share inclusive of this distribution,
for a combined total of $13.08.
TDb Split invests in common shares of
Toronto-Dominion Bank, a leading Canadian Financial
institution.
Distribution Details |
|
|
Preferred
Share (XTD.PR.A) |
$0.04375 |
Ex-Dividend
Date: |
April 29,
2020 |
Record
Date: |
April 30,
2020 |
Payable
Date: |
May 8,
2020 |
Investor Relations: 1-877-478-2372Local:
416-304-4443www.tdbsplit.cominfo@quadravest.com
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