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TDb Split Corp. T.XTD

Alternate Symbol(s):  T.XTD.PR.A | TDBSF

The investment objectives with respect to the Class A shares are as follows:1. to provide holders of Class A shares with regular monthly cash dividends in the amount of $0.05 per Class A share when the net asset value per unit exceeds $12.50; and 2. to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit. TDb Split Corp.


TSX:XTD - Post by User

Comment by cttglvron Jan 19, 2025 11:41am
62 Views
Post# 36410990

RE:NAV: $13.04 as of Friday's close

RE:NAV: $13.04 as of Friday's closeI hope you are correct about the distribution but it may not happen this month.

If you look at the bottom of the NAV announcment it says the NAV is $13.04 as of Jan 17/25. Below is an asterisk that says the NAV is $12.48 as of Jan 15/25. 

XTD fund documents on page 16 says they use the 15th of each month to determine if there will be a distribution. I have pasted this below.

"VALUATION OF PORTFOLIO SECURITIES The net asset value of the Company is calculated by RBC Investor Services Trust (“RBC Trust”) as of each Retraction Date and as of the 15th day of each month or if the 15th day of each month is not a business day then the immediately preceding business day"


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