tiprankstipranks
Quadravest Debuts Preferred Split Share ETF
Company Announcements

Quadravest Debuts Preferred Split Share ETF

TDb Split (TSE:XTD) has released an update.

Pick the best stocks and maximize your portfolio:

Quadravest Capital Management Inc. has launched a new Preferred Split Share ETF, set to trade on the Toronto Stock Exchange under the ticker PREF, aiming to provide monthly distributions and capital preservation through preferred shares investments. The ETF offers an initial monthly distribution of $0.05417 CAD per unit, with targeted annual distributions of $0.65 based on a $10.00 issue price. The manager rates the ETF’s risk as ‘low’ and maintains discretion over distribution amounts, which may vary based on performance and market conditions.

For further insights into TSE:XTD stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskTDb Split Corp. Announces Class A Share Consolidation
TipRanks Canadian Auto-Generated NewsdeskTDb Split Declares Monthly Dividend for Priority Equity
TipRanks Canadian Auto-Generated NewsdeskTDb Split Corp. Announces Monthly Dividend
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App