OVERVIEW

CORE HOLDINGS

TDb Split Corp. is a corporation investing in common shares of TD Bank, a leading Canadian Financial Institution with a strong domestic presence, strong financial fundamentals and a diversified earnings base. The fund offers two types of shares, a Class A (XTD) and a Preferred (XTD.PR.A) both with the objective to pay regular monthly cash dividends.

The Toronto-Dominion Bank

 

The Toronto-Dominion Bank is a Canadian bank with operations and activities that are organized around three business segments: TD Canada Trust, TD Securities and TD Wealth Management. TD Canada Trust provides financial services to consumers and small and medium-sized businesses. TD Securities provides services in the areas of investment banking, merchant banking, mergers and acquisitions, fixed income, foreign exchange, derivative products, high yield, money market, equities and corporate banking. TD Wealth Management provides investment management services to institutional and retail investors, as well as global self-directed brokerage services.

 

OBJECTIVES

SHARE HIGHLIGHTS

Preferred Shares:

 

(i) to provide holders of Priority Equity Shares with cumulative preferential monthly cash dividends in the amount of $0.04375 per share to yield 5.25% annually; and


(ii) on or about the termination date of December 1, 2024 (subject to further 5 year extensions thereafter), to pay an amount of $10.00 per Priority Equity share

 

Class A Shares:

 

(i) to provide holders of Class A Shares with regular monthly cash dividends in the amount of $0.05 per Class A share if and when the net asset value per Unit exceeds $12.50; and


(ii) to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per Unit
 

​Preferred Shares:

 

  • 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

  • Downside protection and asset coverage

  • Portfolio Protection Plan

  • Non-Callable

 

Class A Shares:

 

  • Monthly distributions

  • Quality investment in a leading Global Financial Institution

  • Attractive alternative to other income vehicles

  • Tax efficient distributions

  • Capital appreciation potential

TOP HOLDINGS

VALUATION

The Toronto-Dominion Bank

November 15, 2019

NAV Pre-Distribution:

$15.97

Distribution:

-

NAV Net of Distribution:

$15.97

NAV + Total Distributions Paid to Date:

$28.59

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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

 

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info@quadravest.com

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