Dividend 15 Split Corp extends termination date, offers retraction right for shareholders

From GlobeNewswire: 2024-12-16 12:00:00

Dividend 15 Split Corp. holds a high-quality portfolio of 15 Canadian dividend-yielding stocks, with top holdings including Royal Bank of Canada and Manulife Financial Corp. The recent extension of the termination date includes a retraction right for shareholders, with no required share rebalancing. The Company may repurchase Class A shares below the intrinsic value of $6.80 per share. The annual dividend rate for Preferred Shares is set at 7.00% for a five-year period, while the dividend policy for Class A Shares remains at $0.10 per share monthly. Forward-looking statements caution potential risks and uncertainties for investors.



Read more at GlobeNewswire: Dividend 15 Split Corp. Update