{"id":51399,"date":"2026-01-15T18:42:56","date_gmt":"2026-01-15T23:42:56","guid":{"rendered":"https:\/\/prefblog.com\/?p=51399"},"modified":"2026-01-15T18:46:11","modified_gmt":"2026-01-15T23:46:11","slug":"january-15-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51399","title":{"rendered":"January 15, 2026"},"content":{"rendered":"

Quadravest has announced<\/a>:<\/p>\n

Dividend 15 Split Corp. (the \u201cCompany\u201d) 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.<\/p>\n

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.<\/p>\n

The Preferred Shares will be offered at a price of $10.45 per Preferred Share<\/p>\n

The closing price on the TSX of the Preferred Shares on January 14, 2026 was $10.52.<\/p>\n

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.
\n…<\/b><\/p><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0252 %<\/td>\n2,447.4<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0252 %<\/td>\n4,640.6<\/td>\n<\/tr>\n
Floater<\/td>\n5.89 %<\/td>\n6.13 %<\/td>\n55,267<\/td>\n13.73<\/td>\n3<\/td>\n-0.0252 %<\/td>\n2,674.4<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1099 %<\/td>\n3,678.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.75 %<\/td>\n4.23 %<\/td>\n76,673<\/td>\n2.01<\/td>\n5<\/td>\n0.1099 %<\/td>\n4,393.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1099 %<\/td>\n3,427.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.64 %<\/td>\n2.19 %<\/td>\n87,798<\/td>\n0.09<\/td>\n9<\/td>\n0.2511 %<\/td>\n3,101.6<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.51 %<\/td>\n5.56 %<\/td>\n47,997<\/td>\n14.57<\/td>\n25<\/td>\n0.1889 %<\/td>\n3,428.6<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.86 %<\/td>\n5.94 %<\/td>\n109,186<\/td>\n13.80<\/td>\n29<\/td>\n-0.2177 %<\/td>\n3,171.0<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.50 %<\/td>\n5.55 %<\/td>\n58,134<\/td>\n14.55<\/td>\n22<\/td>\n-0.2122 %<\/td>\n3,309.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2177 %<\/td>\n3,772.3<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.94 %<\/td>\n4.23 %<\/td>\n86,184<\/td>\n2.18<\/td>\n19<\/td>\n-0.0704 %<\/td>\n2,662.5<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2177 %<\/td>\n3,241.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.27 %<\/td>\n5.38 %<\/td>\n77,246<\/td>\n14.46<\/td>\n14<\/td>\n-0.0306 %<\/td>\n3,134.8<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\n-5.42 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 21.67
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n-3.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 23.33
\nEvaluated at bid price : 23.62
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
ENB.PR.F<\/td>\nFixedReset Disc<\/td>\n-2.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.55
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
GWO.PR.G<\/td>\nInsurance Straight<\/td>\n-1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 23.31
\nEvaluated at bid price : 23.59
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
PWF.PR.R<\/td>\nPerpetual-Discount<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 24.25
\nEvaluated at bid price : 24.55
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
BN.PF.B<\/td>\nFixedReset Disc<\/td>\n1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 23.05
\nEvaluated at bid price : 24.23
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
BN.PF.D<\/td>\nPerpetual-Discount<\/td>\n2.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 21.45
\nEvaluated at bid price : 21.45
\nBid-YTW : 5.77 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n4.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 20.24
\nEvaluated at bid price : 20.24
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n9.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
GWO.PR.Z<\/td>\nInsurance Straight<\/td>\n29,520<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2034-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.20
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
CU.PR.K<\/td>\nPerpetual-Premium<\/td>\n26,715<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 24.79
\nEvaluated at bid price : 25.19
\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n19,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 21.35
\nEvaluated at bid price : 21.35
\nBid-YTW : 5.26 %<\/td>\n<\/tr>\n
ENB.PR.T<\/td>\nFixedReset Disc<\/td>\n17,600<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 22.65
\nEvaluated at bid price : 23.45
\nBid-YTW : 6.05 %<\/td>\n<\/tr>\n
ENB.PR.D<\/td>\nFixedReset Disc<\/td>\n16,847<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 21.34
\nEvaluated at bid price : 21.64
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n16,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 21.50
\nEvaluated at bid price : 21.76
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
There were 4 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
See TMX DataLinx: ‘Last’ != ‘Close’<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
BN.PF.E<\/td>\nFixedReset Disc<\/td>\nQuote: 22.00 – 23.37
\nSpot Rate : 1.3700
\nAverage : 0.8093<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 21.67
\nEvaluated at bid price : 22.00
\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n

GWO.PR.P<\/td>\nInsurance Straight<\/td>\nQuote: 23.62 – 24.62
\nSpot Rate : 1.0000
\nAverage : 0.6509<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 23.33
\nEvaluated at bid price : 23.62
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n

IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\nQuote: 24.05 – 25.05
\nSpot Rate : 1.0000
\nAverage : 0.8265<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 23.40
\nEvaluated at bid price : 24.05
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n

ENB.PR.F<\/td>\nFixedReset Disc<\/td>\nQuote: 21.55 – 22.17
\nSpot Rate : 0.6200
\nAverage : 0.4769<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.55
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n

MFC.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 21.54 – 22.20
\nSpot Rate : 0.6600
\nAverage : 0.5182<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-01-15
\nMaturity Price : 21.27
\nEvaluated at bid price : 21.54
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n

PVS.PR.K<\/td>\nSplitShare<\/td>\nQuote: 25.31 – 25.75
\nSpot Rate : 0.4400
\nAverage : 0.3052<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2029-05-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.31
\nBid-YTW : 4.23 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Quadravest has announced: Dividend 15 Split Corp. (the \u201cCompany\u201d) 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 …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-51399","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51399","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=51399"}],"version-history":[{"count":2,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51399\/revisions"}],"predecessor-version":[{"id":51402,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51399\/revisions\/51402"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}