Canadian Large Cap Leaders Split Corp. Class A
12.49
CAD
-0.21
(-1.65%)
ISIN
CA13625G1028
CUSIP
13625G102
Return %
Stock
S&P 500
1Y
36.36
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
CAD
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
CAD
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in mil. unless spec.Company Description
- CEO
- John Noble-George Wilson
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- Royal Bank Plaza, South Tower Toronto ON Canada M5J 2J1
- IPO Date
- Feb 22, 2024
- Website
- ninepoint.com
- Similar Companies
- Business
- Canadian Large Cap Leaders Split Corp. (TSX: NPS) operates as a mutual fund corporation managed by Ninepoint Partners LP that invests in an approximately equally weighted portfolio of equity securities of Canadian dividend growth companies with market capitalizations of at least $10 billion; it splits the dividends and growth components of this portfolio into two share classes, Preferred Shares and Class A Shares. Preferred Shares provide holders with fixed cumulative preferential quarterly distributions of $0.1875 per share ($0.75 annually, equivalent to 7.5% on the $10 issue price) until the February 28, 2029 maturity date, subject to potential five-year extensions, along with repayment of the original $10 issue price at maturity; Class A Shares target regular monthly non-cumulative distributions of $0.125 per share, capturing all capital appreciation and dividend growth from the underlying portfolio for enhanced leveraged returns without traditional borrowing costs. The corporation, founded in 2023 and headquartered in Toronto, Ontario, primarily serves Canadian investors seeking tax-efficient income and growth exposure through its split-share structure. Recent developments include a 1.15:1 Class A share split and concurrent Preferred Share private placement completed in February 2025, increasing outstanding Class A shares to approximately 1.8 million and Preferred Shares to a similar number while maintaining DBRS confirmation of ratings; ongoing implementation of a commission-free distribution reinvestment plan (DRIP) for Class A shareholders to facilitate compound growth; and regular monthly distribution declarations, with the latest at $0.125 per Class A share payable December 12, 2025.
Company News
Canadian Large Cap Leaders Split Corp. Declares Distribution