Quadravest Launches Preferred Split Share ETF

Prime Dividend Cl A (TSE:PDV) has released an update.

Quadravest Capital Management Inc. has announced the debut of its Quadravest Preferred Split Share ETF, which will start trading under the symbol PREF on the TSX. The ETF aims to provide monthly distributions and capital preservation, investing primarily in preferred shares of split share corporations. The initial monthly distribution has been set at $0.05417 CAD per unit, with an annualized rate of $0.65 based on the $10.00 initial issue price.

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