TDb Split Corp.. Stock Analysis XTD.TO

TDb Split Corp. is a CA-based company operating in industry. TDb Split Corp. is a mutual fund company. The firm invests in common shares of Toronto-Dominion Bank. Its investment objective with respect to the priority equity shares is to provide holders of priority equity shares with cumulative preferential monthly cash dividends, the amount of which is fixed by the board of directors in respect of each five-year term of the Company; and on the termination date, to pay the holders of the priority equity shares an amount per priority equity share equal to the priority equity share repayment amount of $10.00. Its investment objective with respect to the Class A shares is to provide holders of Class A shares with regular monthly cash distributions, in an amount to be determined by the board of directors; and to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit, by paying such holders, on or about the termination date. Its investment manager is Quadravest Capital Management Inc.