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TDb Split ( (TSE:XTD) ) has shared an update.
TDb Split Corp. has renewed its at-the-market equity program, authorizing the issuance of up to $75 million of Class A Shares and Priority Equity Shares through the Toronto Stock Exchange and other Canadian marketplaces at prevailing market prices until February 21, 2028, replacing a prior program from 2023. The renewed program, arranged under an equity distribution agreement with National Bank Financial Inc. and supported by a new shelf prospectus and supplement, gives the company flexible, discretionary access to capital to be deployed in line with its existing investment objectives and strategies, potentially enhancing its ability to manage its portfolio of Toronto-Dominion Bank shares and respond to market conditions for the benefit of its shareholders.
The most recent analyst rating on (TSE:XTD) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on TDb Split stock, see the TSE:XTD Stock Forecast page.
Spark’s Take on TSE:XTD Stock
According to Spark, TipRanks’ AI Analyst, TSE:XTD is a Neutral.
The overall stock score is driven by strong technical indicators and attractive valuation, despite financial performance challenges. The consistent dividend payments further enhance investor confidence. However, the company’s profitability issues and financial vulnerabilities need to be addressed for long-term stability.
To see Spark’s full report on TSE:XTD stock, click here.
More about TDb Split
TDb Split Corp. is a Canadian investment vehicle that invests in the common shares of Toronto-Dominion Bank, one of Canada’s leading financial institutions. The company offers Class A Shares and Priority Equity Shares listed on the Toronto Stock Exchange, providing investors with structured exposure to TD Bank’s equity performance within defined investment objectives and restrictions.
Average Trading Volume: 18,489
Technical Sentiment Signal: Buy
Learn more about XTD stock on TipRanks’ Stock Analysis page.