RE: Pardon my ignorance No, you can own either one and receive the payback associated to each. In the class A, it is not a dividend but rather a ROC (Return of Capital). Depending on your situation, it can be better than a real dividend. I've owned many of those split shares for years, they are good as long as follow closely on the unit value of 15$. If well managed on your side, it pays handsomely. It could be a pain though if you don't follow the unit value closely. For some of these split shares, I've managed to model their value closely and I follow them daily. I get out whenever we're getting to close to the 15$ unit value on a downward trend in the market. On the other hand, it pays to buy when on an upward trend and the unit value is still below 15$. Good luck.