Dividend 15 Split Corp (TSE:DFN) has released an update.
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Quadravest Capital Management Inc. announces the launch of the Quadravest Preferred Split Share ETF (PREF), set to provide monthly distributions and capital preservation opportunities through a portfolio of preferred shares. PREF will begin trading on the Toronto Stock Exchange on June 27, 2024, with an initial monthly distribution of $0.05417 CAD per unit, translating to an annualized return based on the issue price. The fund, characterized as ‘low’ risk, may adjust distribution amounts and frequency at the manager’s discretion, depending on performance and market conditions.
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