Finance

Dividend 15 Split Corp. II Announces Monthly Preferred Share Distribution

Published June 20, 2024

TORONTO, June 19, 2024 - Dividend 15 Split Corp. II ("Dividend 15 II") has announced a regular monthly distribution amounting to $0.04792 per Preferred share. Shareholders who are on record as of June 28, 2024, will be eligible for the distribution payable on July 10, 2024.

Investment in Top Canadian Corporations

Dividend 15 II is renowned for its investment strategy that entails holding a portfolio composed of high-performing Canadian corporations. This offering is particularly significant as it includes leading companies across various sectors, such as telecommunications, banking, media, energy, and financial services. Notably, the assets include contributions from stocks like TELUS Corporation TU, BCE Inc. BCE, the Bank of Nova Scotia BNS, Canadian Imperial Bank of Commerce CM, Thomson Reuters Corporation TRI, Manulife Financial Corporation MFC, Sun Life Financial Inc. SLF, Toronto-Dominion Bank TD, TC Energy Corporation TRP, TransAlta Corporation TAC, and Enbridge Inc. ENB.

Details on Participating Corporations

Each of the constituent corporations brings its unique strengths to the portfolio. TU offers a diverse array of telecommunications and IT services, firmly rooted in Vancouver. With headquarters in Verdun, BCE delivers comprehensive wireless, wireline, and TV services. From its Halifax base, BNS services a wide international clientele with various banking offerings. Operated from Toronto, the Canadian Imperial Bank of Commerce CM is known for its significant financial services. Thomson Reuters Corporation TRI contributes quality business information services globally. Manulife Financial Corporation's MFC presence in the financial products and services market is bolstered by an international reach. Sun Life Financial Inc. SLF delivers insurance and asset management solutions worldwide. Toronto-Dominion Bank TD's comprehensive banking products and services play a critical role. The energy infrastructure of North America is strengthened through TC Energy Corporation’s TRP efforts. TransAlta Corporation’s TAC diverse electric power generation assets and Enbridge’s ENB central role in energy infrastructure further diversify the portfolio.

Dividend, Investment, Declaration