{"id":51150,"date":"2024-12-16T21:41:00","date_gmt":"2024-12-17T02:41:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=51150"},"modified":"2025-11-28T21:42:09","modified_gmt":"2025-11-29T02:42:09","slug":"df-pr-a-retractions-quadravest-coy","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51150","title":{"rendered":"DF.PR.A Retractions: Quadravest Coy"},"content":{"rendered":"<p>Quadravest <a href=\"https:\/\/www.quadravest.com\/_files\/ugd\/78f11d_e1fdbfab9e1e48418426f280b422c1a3.pdf\">has announced<\/a>:<\/p>\n<blockquote>\n<p>Dividend 15 Split Corp. II (the \u201cCompany\u201d) invests<br \/>\nin a high-quality portfolio consisting of 15 leading Canadian dividend-yielding stocks. The top five holdings currently held in the portfolio are as follows: Manulife Financial Corp., Canadian Imperial Bank of Commerce, Royal Bank of Canada, National Bank of Canada and Sun Life Financial Inc.<\/p>\n<p>The recent extension of the Company&#8217;s termination date included a retraction right for Class A shareholders and Preferred shareholders. The Company will not require a rebalance of shares and all retraction rights have been satisfied.<\/p>\n<p>The Company may use the normal course issuer to repurchase Class A shares at or below intrinsic value. The current intrinsic value exceeds $7.00 per share.<\/p>\n<p>As previously announced, the annual dividend rate for the Preferred Shares has been set at 7.00% for the fiveyear renewal period effective December 1, 2024. The dividend policy for the Class A Shares will remain at the current targeted rate of $0.10 per share monthly, or $1.20 per annum.<\/p>\n<\/blockquote>\n<p>Some details would be appreciated! Like, how many shares of each class were retracted? I wouldn&#8217;t expect many preferreds got retracted, given that the issue has been trading over par for the past three months, but what about the Capital Units? Inquiring minds want to know!<\/p>\n<p>The terms of the extension were <a href=\"https:\/\/prefblog.com\/?p=47383\">reported on PrefBlog<\/a>.<\/p>\n<p>Thanks to Assiduous Reader <i>IrateAR<\/i> for <a href=\"https:\/\/prefblog.com\/?p=47733#comment-219455\">bringing this to my attention<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quadravest has announced: Dividend 15 Split Corp. II (the \u201cCompany\u201d) invests in a high-quality portfolio consisting of 15 leading Canadian dividend-yielding stocks. The top five holdings currently held in the portfolio are as follows: Manulife &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-51150","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51150"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51150\/revisions"}],"predecessor-version":[{"id":51151,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51150\/revisions\/51151"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}