TDb Split: TDb Split Corp. Increases Priority Equity Share Rate

TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- TDb Split Corp. (the "Company") is pleased to announce an increase in the Priority Equity Share dividend rate to 7.00% from 5.25% on the $10.00 repayment value for the new five-year term effective December 1, 2024. The Priority Equity Share monthly dividends will be $0.05833 per share or $0.70 per annum and the new distribution rate represents an increase of $0.18 per annum from the previous rate. Priority Equity shareholders have received a total of $8.96 per share in distributions since inception. The dividend policy for the Class A Shares will remain at the current targeted rate of $0.05 per month, or $0.60 per annum.As previously announced on March 12, 2024, the Company will extend the termination date a further five year period from December 1, 2024 to December 1, 2029. ...Full story available on Benzinga.com