North American Financial 15 Split Corp A 2019-01.12.24 (TSE:FFN) has released an update.
Quadravest Capital Management Inc. announces the launch of the Quadravest Preferred Split Share ETF, set to trade on the TSX under the symbol PREF starting June 27, 2024. The new ETF aims to provide monthly distributions and capital preservation through a portfolio predominantly composed of preferred shares from Canadian split share corporations. The initial monthly distribution is set at $0.05417 per unit, with a promised annualized return based on the $10.00 issue price, although future distributions may vary and are at the Manager’s discretion.
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