OVERVIEW

CORE HOLDINGS

M-Split Corp. is an investment corporation designed to provide investors with exposure to Manulife Financial Corp. The corporation offers three types of shares, a Capital share (XMF.A), a Class I Preferred (XMF.PR.B) and a Class II Preferred (XMF.PR.C).

 

 

Manulife Financial Corporation

 

OBJECTIVES

SHARE HIGHLIGHTS

Class I Preferred Shares (XMF.PR.B):

(i) to provide holders of the Class I Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.03125 per share to yield 7.50% annually on the Repayment Amount of $5.00; and
(ii) on or about the termination date of December 1, 2024 (subject to further 5 year extensions thereafter), to pay the holders of the Class I Preferred Shares $5.00 per Class I Preferred Share

Class II Preferred Shares (XMF.PR.C):

(i) to provide holders of the Class II Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.03125 per share to yield 7.50% per annum on the Repayment Amount of $5.00, if and when the net asset value per Unit exceeds $10.00; and
(ii) on or about the termination date of December 1, 2024 (subject to further 5 year extensions thereafter), to pay the holders of the Class II Preferred Shares $5.00 per Class II Preferred Share

Capital Shares (XMF.A):

(i) to provide holders of Capital Shares with dividends in an amount to be set by the Board of Directors of the Company at its discretion, based on market conditions, if and when the net asset value per Unit exceeds $15.00; and
(ii) to permit holders of Capital Shares to participate in all growth in the net asset value of the Company above $10.00 per Unit

Class I Preferred Share (XMF.PR.B)

 

  • Fixed, cumulative monthly distributions

  • Potential for higher monthly distributions with any 5 year extension

  • Quality investment in a leading Global Financial Institution

  • Attractive alternative to other income vehicles

  • Tax efficient distributions

  • Strong downside protection and asset coverage

  • Non-Callable

 

Class II Preferred Share (XMF.PR.C)

 

  • Monthly distributions if and when NAV exceeds $10.00 per unit

  • Potential for higher monthly distributions with any 5 year extension

  • Quality investment in a leading Global Financial Institution

  • Attractive alternative to other income vehicles

  • Tax efficient distributions

  • Non-Callable

 

Capital Share (XMF.A)

 

  • Monthly distributions if and when NAV exceeds $15.00 per unit

  • Quality investment in a leading Global Financial Institution

  • Capital appreciation potential

TOP HOLDINGS

VALUATION

Common Shares:

 

Manulife Financial Corporation

November 15, 2019

NAV Pre-Distribution:

$7.92

Distribution:

-

NAV Net of Distribution:

$7.92

NAV + Distributions Paid to Date:

$13.38

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200 Front Street West

Suite 2510, P.O. Box 51

Toronto, Ontario M5V 3K2

 Investor Relations: 1-877-478-2372 

 Local Investor Relations: 416-304-4443

 Main telephone: 416-304-4440

 Fax: 416-304-4441

 

Questions may be directed to 

info@quadravest.com

or submitted in the fields below: