M Split Corp. (XMF-A.TO)
- GlobeNewswire
M Split Corp. Monthly Dividend Declared for Class I Preferred Shares
TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- M Split Corp. ("M Split") declares its monthly distribution of $0.03125 per share ($0.375 annually) for Class I Preferred shareholders. The Class I Preferred share dividends are paid at an annual rate of 7.50% based on the $5 notional issue price. Distributions are payable May 10, 2024 to shareholders on record as at April 30, 2024. M Split invests in common shares of Manulife Financial Corporation, the largest life insurer in Canada offering financial
- GlobeNewswire
M Split Corp. Extends Termination Date
TORONTO, March 12, 2024 (GLOBE NEWSWIRE) -- M Split Corp. (the “Company”) is pleased to announce it will extend the termination date of the Company a further five year period from December 1, 2024 to December 1, 2029. The term extension allows holders of XMF.A Capital Shares (“Capital Shares”) to potentially receive leveraged exposure to a portfolio consisting of common stock of Manulife Financial if the net asset value (“NAV”) exceeds $10.00, as well as receiving targeted monthly distributions
