Quadravest has announced:
Dividend 15 Split Corp. (the “Company”) is pleased to announce it will undertake an offering of Preferred Shares (TSX: DFN.PR.A) of the Company. The offering will be led by National Bank Financial Inc.
The sales period of this overnight offering will end at 8:30 a.m. EST on January 16, 2026. The offering is expected to close on or about January 23, 2026 and is subject to certain closing conditions including approval by the TSX.
The Preferred Shares will be offered at a price of $10.45 per Preferred Share
The closing price on the TSX of the Preferred Shares on January 14, 2026 was $10.52.
Since inception of the Company, the aggregate dividends paid on the Preferred Shares have been $11.75 per share. All distributions paid to date have been made in tax advantaged eligible Canadian dividends.
…
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0252 % | 2,447.4 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0252 % | 4,640.6 |
| Floater | 5.89 % | 6.13 % | 55,267 | 13.73 | 3 | -0.0252 % | 2,674.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1099 % | 3,678.6 |
| SplitShare | 4.75 % | 4.23 % | 76,673 | 2.01 | 5 | 0.1099 % | 4,393.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1099 % | 3,427.6 |
| Perpetual-Premium | 5.64 % | 2.19 % | 87,798 | 0.09 | 9 | 0.2511 % | 3,101.6 |
| Perpetual-Discount | 5.51 % | 5.56 % | 47,997 | 14.57 | 25 | 0.1889 % | 3,428.6 |
| FixedReset Disc | 5.86 % | 5.94 % | 109,186 | 13.80 | 29 | -0.2177 % | 3,171.0 |
| Insurance Straight | 5.50 % | 5.55 % | 58,134 | 14.55 | 22 | -0.2122 % | 3,309.0 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2177 % | 3,772.3 |
| FixedReset Prem | 5.94 % | 4.23 % | 86,184 | 2.18 | 19 | -0.0704 % | 2,662.5 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2177 % | 3,241.4 |
| FixedReset Ins Non | 5.27 % | 5.38 % | 77,246 | 14.46 | 14 | -0.0306 % | 3,134.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BN.PF.E | FixedReset Disc | -5.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 21.67 Evaluated at bid price : 22.00 Bid-YTW : 6.18 % |
| GWO.PR.P | Insurance Straight | -3.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 23.33 Evaluated at bid price : 23.62 Bid-YTW : 5.76 % |
| ENB.PR.F | FixedReset Disc | -2.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 21.27 Evaluated at bid price : 21.55 Bid-YTW : 6.42 % |
| GWO.PR.G | Insurance Straight | -1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 23.31 Evaluated at bid price : 23.59 Bid-YTW : 5.55 % |
| PWF.PR.R | Perpetual-Discount | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 24.25 Evaluated at bid price : 24.55 Bid-YTW : 5.61 % |
| BN.PF.B | FixedReset Disc | 1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 23.05 Evaluated at bid price : 24.23 Bid-YTW : 5.85 % |
| BN.PF.D | Perpetual-Discount | 2.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 21.45 Evaluated at bid price : 21.45 Bid-YTW : 5.77 % |
| PWF.PF.A | Perpetual-Discount | 4.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 20.24 Evaluated at bid price : 20.24 Bid-YTW : 5.58 % |
| SLF.PR.D | Insurance Straight | 9.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 5.26 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| GWO.PR.Z | Insurance Straight | 29,520 | YTW SCENARIO Maturity Type : Call Maturity Date : 2034-09-30 Maturity Price : 25.00 Evaluated at bid price : 25.20 Bid-YTW : 5.66 % |
| CU.PR.K | Perpetual-Premium | 26,715 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 24.79 Evaluated at bid price : 25.19 Bid-YTW : 5.63 % |
| SLF.PR.D | Insurance Straight | 19,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 5.26 % |
| ENB.PR.T | FixedReset Disc | 17,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 22.65 Evaluated at bid price : 23.45 Bid-YTW : 6.05 % |
| ENB.PR.D | FixedReset Disc | 16,847 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 21.34 Evaluated at bid price : 21.64 Bid-YTW : 6.22 % |
| GWO.PR.R | Insurance Straight | 16,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-01-15 Maturity Price : 21.50 Evaluated at bid price : 21.76 Bid-YTW : 5.55 % |
| There were 4 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible. | ||
| Issue | Index | Quote Data and Yield Notes |
| BN.PF.E | FixedReset Disc | Quote: 22.00 – 23.37 Spot Rate : 1.3700 Average : 0.8093 YTW SCENARIO |
| GWO.PR.P | Insurance Straight | Quote: 23.62 – 24.62 Spot Rate : 1.0000 Average : 0.6509 YTW SCENARIO |
| IFC.PR.C | FixedReset Ins Non | Quote: 24.05 – 25.05 Spot Rate : 1.0000 Average : 0.8265 YTW SCENARIO |
| ENB.PR.F | FixedReset Disc | Quote: 21.55 – 22.17 Spot Rate : 0.6200 Average : 0.4769 YTW SCENARIO |
| MFC.PR.C | Insurance Straight | Quote: 21.54 – 22.20 Spot Rate : 0.6600 Average : 0.5182 YTW SCENARIO |
| PVS.PR.K | SplitShare | Quote: 25.31 – 25.75 Spot Rate : 0.4400 Average : 0.3052 YTW SCENARIO |