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Bullboard - Stock Discussion Forum TDb Split Corp. T.XTD

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

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 Discussion

TDb Split Corp. > XTD march 15 NAV 12.20
View:
Post by oldtrustguy on Mar 20, 2023 3:45pm

XTD march 15 NAV 12.20

NAV   Feb 15        14.11
NAV   FEB 28       13.74
NAV   March 15    12.20

XTD trading up .04c today at 4.50

Needs to have a Minimum NAV  of 12.50 to pay

Hard to figure why it is up in price.
Comment by TheeRook on Mar 20, 2023 8:16pm
For March 15 Prefered shares  payout value -  $10 That woul mean   XTD    NAV is $2.20 XTD  at    $4.50 is  over a 100% premium? Preferred Shares: ii) on or about the termination date of December 1, 2024 (subject to further 5 year extensions thereafter), to pay an amount of $10.00 per Priority Equity share Class A Shares: (ii) to ...more  
Comment by TMAZZ21 on Mar 21, 2023 7:30am
With over a 100% premium to NAV Does this mean we are dropping under $3 this coming month?