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