Dividend 15 Split Corp II Announces Extension

Dividend 15 Split Corp II Class A (TSE:DF) has released an update.

Dividend 15 Split Corp. II is extending its termination date from December 1, 2024, to December 1, 2029, enabling Class A and Preferred Shareholders to continue benefiting from monthly distributions and defer potential capital gains tax. Shareholders have received substantial distributions since inception, and the company may adjust the dividend rate for Preferred Shares based on market conditions. A Special Retraction Right will also be offered to shareholders to tender their shares at the net asset value as of November 29, 2024.

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