TDb Split Corp.
XTD.TO
Toronto Stock Exchange10.55
CAD
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TDb Split Corp.
XTD.TO
(Toronto Stock Exchange)
Recent
price
10.55
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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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.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- TDb Split Corp. is a closed-end investment fund that provides leveraged exposure to the common shares of Toronto-Dominion Bank through its Class A shares (TSX: XTD) and fixed preferential dividends via its Priority Equity shares (TSX: XTD.PR.A); the fund, launched in 2007 and managed by Quadravest Capital Management Inc., benchmarks performance against the S&P/TSX Financial Index and domiciles in Toronto, Canada. It targets retail investors seeking enhanced yields from Toronto-Dominion Bank, Canada's leading financial institutions by assets, by holding primarily its common stock; Priority Equity shares receive cumulative monthly cash dividends at a rate set for each five-year term, with a $10.00 redemption value on termination, while Class A shares aim for amplified returns net of expenses. In March 2024, the company extended its termination date by five years to December 1, 2029, enabling continued distributions and deferral of potential tax events for shareholders; it introduced a special retraction right based on November 29, 2024 net asset values, announced potential adjustments to Priority Equity dividend rates by September 30, 2024 based on prevailing market yields, and in October 2024 increased the Priority Equity share rate while maintaining regular monthly dividend declarations through December 2025.