Canadian Banc Corp Class A (TSE:BK) has released an update.
Quadravest Capital Management Inc. has announced the debut of its Preferred Split Share ETF, launching on the TSX on June 27, 2024, with investment objectives focused on monthly distributions and capital preservation through preferred shares. The ETF, trading under the symbol PREF, aims to maintain active management of its portfolio, potentially including a variety of income-generating securities. It launches with an initial monthly distribution rate of $0.05417 CAD per unit, totaling an annualized distribution of $0.65 based on the $10.00 issue price.
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