Dividend 15 Split II (TSE:DF) has released an update.
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Quadravest Capital Management Inc. is set to launch the new Quadravest Preferred Split Share ETF, trading as PREF on the TSX starting June 27, 2024, aiming to offer monthly distributions and capital preservation through a diversified portfolio mainly composed of preferred shares. An initial monthly distribution of $0.05417 per unit has been declared, amounting to an annualized $0.65 based on the issue price. The ETF, categorized with a ‘low’ risk rating, allows flexibility in its distributions, which are subject to change based on the portfolio’s performance and prevailing market conditions.
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