Dividend 15 Split Corp. Class A (TSE:DFN) has released an update.
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Dividend 15 Split Corp. has announced the extension of its termination date from December 1, 2024, to December 1, 2029, enabling Class A and Preferred Shareholders to continue receiving monthly distributions and defer capital gains tax liabilities. The decision allows ongoing leveraged exposure to a high-quality portfolio of Canadian dividend-yielding stocks and provides a special retraction right for shareholders based on the November 29, 2024 net asset value. Dividend rates for Preferred Shares may be revised commensurate with market yields and will be announced by September 30, 2024.
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