M SPLIT CORP. Monthly Dividend Declared for Class I Preferred Shares
23 Março 2020 - 5:00PM
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 April 9, 2020 to
shareholders on record as at March 31, 2020.
Since the latter part of February 2020,
financial markets have been extremely volatile in response to the
developing COVID-19 pandemic and equity markets in particular have
experienced significant declines. The investment portfolio of the
Company has been subject to these market fluctuations and the net
assets of the Company have been materially negatively impacted. The
Company’s investment portfolio may continue to experience
significant volatility as the situation evolves.
M Split invests in common shares of Manulife
Financial Corporation, the largest life insurer in Canada offering
financial products and wealth management services.
Distribution Details |
|
|
|
Class I Preferred
Share (XMF.PR.B) |
$0.03125 |
|
|
Ex-Dividend
Date: |
March 30, 2020 |
|
|
Record
Date: |
March 31, 2020 |
|
|
Payable Date: |
April 9, 2020 |
|
|
Investor Relations: 1-877-478-2372Local:
416-304-4443www.m-split.cominfo@quadravest.com
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