TDb Split (TSE:XTD) has released an update.
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TDb Split Corp. has announced a consolidation of its Class A shares, with shareholders receiving 0.50 shares for each share they hold, aiming to balance the outstanding shares of each class. This move is expected to increase the net asset value per share and improve the asset coverage ratio for the Preferred shares. The post-consolidation trading of Class A shares is set to begin on December 12, 2024.
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