TDb Split (TSE:XTD) has released an update.
TDb Split Corp. has announced a significant increase in its Priority Equity Share dividend rate from 5.25% to 7.00%, starting December 2024, for a new five-year term. Additionally, the company is extending its termination date to December 2029 and offering shareholders an additional retraction right. The Company’s investment focus remains on the common shares of Toronto-Dominion Bank, a major Canadian financial institution.
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