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TDb Split Corp | Class A Preferred Shares (XTD.PRA.CA)
Prospectus excerpt: TDb Split Corp. (the ‘‘Company’’), a mutual fund corporation incorporated under the laws of the Province of Ontario, is offering up to 5,000,000 Priority Equity Shares and 5,000,000 Class A Shares (collectively, the ‘‘Offering’’) under this prospectus at a price of $10.00 per Priority Equity Share and $10.00 per Class A Share. The Priority Equity Shares and the Class A Shares are offered separately, but will be issued only on the basis that there will be an equal number of Priority Equity Shares and Class A Shares (together, a ‘‘Unit’’) issued. The Company was created to provide exposure to the common shares of The Toronto-Dominion Bank (‘‘TD Bank’’) through two classes of securities. Holders of the Priority Equity Shares will be provided with a stable yield and downside protection on the return of their initial investment, while holders of Class A Shares will be provided with leveraged exposure to TD Bank including exposure to increases or decreases in the value of the common shares of TD Bank and the benefit of increases in the dividends paid by TD Bank on its common shares. The Priority Equity Shares have not been rated by any rating organization. The Company’s investment objectives with respect to the Priority Equity Shares are: (a) to provide holders of the Priority Equity Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Priority Equity Share to yield 5.25% per annum on the original issue price; and (b) on or about December 1, 2014 (the ‘‘Termination Date’’), to pay the holders of the Priority Equity Shares the original issue price of the Priority Equity Shares (the ‘‘Priority Equity Share Repayment Amount’’). The Company’s investment objectives with respect to the Class A Shares are: (a) to provide holders of Class A Shares with regular monthly cash dividends targeted to be $0.05 per Class A Share to yield 6.0% per annum on the original issue price; and (b) on or about the Termination Date, to pay the holders of Class A Shares at least the original issue price of the Class A Shares. Full Prospectus PDF », XTD.CA Page »
Series: | A | Alternate symbology: | XTD-A.CA, XTD-PA.CA, XTDprA.CA | Redeemable?: | Yes | Call Date: | Anytime (Now Trading Post Call Date) | Maturity Date: | 12/1/2014 | Cumulative?: | Yes | Shares Offered: | 5000000 | Overallotment: | 750000 | Pay Period: | Monthly | CDx3 Compliance Rating: |
Learn XTD.PRA.CA's Rating
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TDb Split is a mutual fund corporation. Co.'s investment objectives are: (i) to provide holders of Priority Equity shares with fixed cumulative preferential monthly cash dividends in an amount of C$0.04375 per Priority Equity share to yield 5.25% per annum on the original issue price; (ii) to provide holders of Class A shares with regular monthly cash distribution targeted to be C$0.05 per Class A share to yield 6.0% per annum on the original issue price; and (iii) to return the original issue price on or about Dec. 1, 2014. As of Nov 30 2010, Co.'s total investment was valued at C$19,721,610 and the total assets was amounted at C$22,809,511. Preferred: XTD.PRA.CA Open the XTD.CA Information Page »
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