Bullboard - Stock Discussion Forum TDb Split Corp. TDBSF

Primary Symbol: T.XTD Alternate Symbol(s): 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.

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TSX:XTD - Post Discussion

TDb Split Corp. > TD working its way back up

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Post by riverrrow on Mar 30, 2023 9:56am

TD working its way back up

I hope XTD bought a bunch of TD shares when they were cheap. Anybody have any idea at what TD share price us XTD commoners will get our 5 cent monthly divy again? GLTA.

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Comment by pjn0987654321 on Mar 30, 2023 10:12am

My impression is high $79s are necessary. They will update next Tues or Wed.

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Comment by riverrrow on Mar 30, 2023 10:20am

Thank you for your help. Bought some more XTD this morning. Cheers.

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Comment by pjn0987654321 on Mar 30, 2023 10:35am

You're welcome. Nobody really knows for sure except them. The Feb update said they were 10% in cash. As you point out, let's hope they used that cash to buy more TD while it was on sale. Good luck.

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Comment by oldtrustguy on Apr 01, 2023 12:12pm

TD close price on Feb 28 was 90.85 XTD NAV was 13.74 including the preferred TD close price on March 15 was 79.40 XTD NAV was 12.20 down 1.54 TD close price on March 31 was 80.95 XTD should have a good gain here XTD has to be over 12.50 to pay. With the March TD price of 80.95 only need a small gain and we are in the money again

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TDb Split Corp.