2020-03-23 16:05 ET - News Release Here is the NR
Dividend 15 to pay 4.58-cent distribution April 9
2020-03-23 16:05 ET - News Release2020-03-23 16:05 ET - News Release
An anonymous director reports
DIVIDEND 15 SPLIT CORP. REGULAR MONTHLY DISTRIBUTION FOR PREFERRED SHARE
Dividend 15 Split Corp. has declared its regular monthly distribution of 4.583 cents for each preferred share (55 cents annually). Distributions are payable April 9, 2020, to shareholders on record as at March 31, 2020.
Since the latter part of February, 2020, financial markets have been extremely volatile in response to the developing COVID-19 pandemic and equity markets in particular have experienced significant declines. The investment portfolio of the company has been subject to these market fluctuations and the net assets of the company have been materially negatively impacted. The net asset value per unit of the company as at March 13, 2020, was $14.59. No regular monthly distributions will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15. The company's investment portfolio may continue to experience significant volatility as the situation evolves.
Since inception, Class A shareholders have received a total of $22.60 per share and preferred shareholders have received a total of $8.43 per share, inclusive of this distribution, for a combined total of $31.03.
Distribution details
Preferred share: 4.583
Ex dividend date: March 30, 2020
Record date: March 31, 2020
Payable date: April 9, 2020
About Dividend 15 Split Corp.
Dividend 15 invests in a high-quality portfolio of leading Canadian dividend-yielding stocks.
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