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XTD

NEO
3.90000 CAD
0.05
1.30%
Last update May 13, 3:06 PM EDT
Market closed
Day range
3.90000
3.90000
Previous close
3.85000
Open
3.90000
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TDB Split Corp.
3.90
0.05
1.30%

Overview

Description

TDB Split Corp. is a type of split share corporation primarily designed to generate dividend income for its investors while offering capital appreciation potential. It achieves this by holding a portfolio concentrated in equity securities of The Toronto-Dominion Bank. By structuring its capital into different classes of shares, TDB Split Corp. caters to both income-focused and growth-oriented investors. The corporation plays a significant role in providing a specialized investment vehicle in the market, enabling investors to leverage the performance of one of Canada's major banking institutions. As a split share corporation, it not only targets dividend distribution but also provides potential for price appreciation in its class of capital shares, reflecting the underlying value of its portfolio. By focusing on a single, prominent financial entity, TDB Split Corp. underscores its impact on the financial sector, allowing investors to navigate both stable income generation and equity participation in the Canadian banking industry.

About

CEO
Employees
0
Address
Phone
Website
Instrument type
Common stock
Sector
Industry
Country
Canada
MIC code
NEOE
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