Preferred stock

Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 4.95% Cumulative Preferred Shares, Series D

Friday, June 18, 2021 - 9:05pm

Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 4.95% Cumulative Preferred Shares, Series D (NYSE:PSAPrD) on July 20, 2021 at $25 per depositary share plus accrued dividends from July 1, 2021 through the date of redemption.

Key Points: 
  • Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 4.95% Cumulative Preferred Shares, Series D (NYSE:PSAPrD) on July 20, 2021 at $25 per depositary share plus accrued dividends from July 1, 2021 through the date of redemption.
  • The aggregate redemption amount, before payment of accrued dividends, to be paid to all holders of the depositary shares is $325,000,000.
  • Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.
  • Additional information about Public Storage is available on the Companys website at PublicStorage.com.

New Commerce Split: Capital Share Reinstates Distributions and Monthly Payments Declared for Preferred Shares

Friday, June 18, 2021 - 2:00pm

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares a monthly distribution of $0.05000 per share for Capital shareholders (YCM), and its regular monthly distribution of $0.02500 per share ($0.30 annually) for Class I Preferred shareholders (YCM.PR.A), and $0.03125 per share ($0.375 annually) for Class II Preferred shareholders (YCM.PR.B).

Key Points: 
  • TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares a monthly distribution of $0.05000 per share for Capital shareholders (YCM), and its regular monthly distribution of $0.02500 per share ($0.30 annually) for Class I Preferred shareholders (YCM.PR.A), and $0.03125 per share ($0.375 annually) for Class II Preferred shareholders (YCM.PR.B).
  • The Class I Preferreds are paid at an annual rate of 6.00% based on their $5 repayment amount.
  • Class II Preferreds are paid at an annual rate of 7.50% based on their $5 repayment amount.
  • The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.

Canadian Banc Corp. Monthly Dividend Declaration for Class A & Preferred Share

Friday, June 18, 2021 - 2:00pm

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.10175 for each Class A share and $0.04167 for each Preferred share.

Key Points: 
  • TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.10175 for each Class A share and $0.04167 for each Preferred share.
  • Distributions are payable July 9, 2021 to shareholders on record as at June 30, 2021.
  • As a result, Class A shareholders of record on June 30, 2021 will receive a dividend of $0.10175 per share based on the VWAP of $12.21 payable on July 9, 2021.
  • Since inception Class A shareholders have received a total of $16.72 per share and Preferred shareholders have received a total of $8.45 per share inclusive of this distribution, for a combined total of $25.17.

TDb Split Corp. Regular Monthly Dividend Declaration for Class A & Preferred Share

Friday, June 18, 2021 - 2:00pm

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- TDb Split Corp. ("TDb Split") declares its regular monthly distribution of $0.05000 for each Class A share ($0.60 annualized) and $0.04375 for each Preferred share ($0.525 annually).

Key Points: 
  • TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- TDb Split Corp. ("TDb Split") declares its regular monthly distribution of $0.05000 for each Class A share ($0.60 annualized) and $0.04375 for each Preferred share ($0.525 annually).
  • Distributions are payable July 9, 2021 to shareholders on record as at June 30, 2021.
  • Since inception, Class A shareholders have received a total of $6.70 per share and Preferred shareholders have received a total of $7.30 per share inclusive of this distribution, for a combined total of $14.00.
  • TDb Split invests in common shares of Toronto-Dominion Bank, a leading Canadian Financial institution.

North American Financial 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share

Friday, June 18, 2021 - 2:00pm

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.05625 for each Preferred share ($0.675 annually).

Key Points: 
  • TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.05625 for each Preferred share ($0.675 annually).
  • Distributions are payable July 9, 2021 to shareholders on record as at June 30, 2021.
  • Since inception Class A shareholders have received a total of $14.57 per share and Preferred shareholders have received a total of $8.93 per share inclusive of this distribution, for a combined total of $23.50.
  • The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

Prime Dividend Corp. Monthly Dividend Declaration for Class A & Preferred Share

Friday, June 18, 2021 - 2:00pm

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.06175 for each Class A share and $0.04167 for each Preferred share.

Key Points: 
  • TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.06175 for each Class A share and $0.04167 for each Preferred share.
  • Distributions are payable July 9, 2021 to shareholders on record as at June 30, 2021.
  • As a result, Class A shareholders of record on June 30, 2021 will receive a dividend of $0.06175 per share based on the VWAP of $7.41 payable on July 9, 2021.
  • Since inception Class A shareholders have received a total of $11.80 per share and Preferred shareholders have received a total of $8.39 per share inclusive of this distribution, for a combined total of $20.19.

M Split Corp. Monthly Dividend Declared for Class I Preferred Shares

Friday, June 18, 2021 - 2:00pm

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- M Split Corp. ("M Split") declares its monthly distribution of $0.03125 per share ($0.375 annually) for Class I Preferred shareholders.

Key Points: 
  • TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- 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 July 9, 2021 to shareholders on record as at June 30, 2021.
  • M Split invests in common shares of Manulife Financial Corporation, the largest life insurer in Canada offering financial products and wealth management services.

Dividend 15 Split Corp. II Monthly Dividend Declaration for Class A & Preferred Share

Friday, June 18, 2021 - 2:00pm

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.10000 for each Class A share and $0.04792 for each Preferred share.

Key Points: 
  • TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.10000 for each Class A share and $0.04792 for each Preferred share.
  • Distributions are payable July 9, 2021 to shareholders on record as at June 30, 2021.
  • Since inception Class A shareholders have received a total of $13.60 per share and Preferred shareholders have received a total of $7.76 per share inclusive of this distribution, for a combined total of $21.36.
  • Dividend 15 II invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

Dividend 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share

Friday, June 18, 2021 - 2:00pm

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.04583 for each Preferred share ($0.550 annually).

Key Points: 
  • TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.04583 for each Preferred share ($0.550 annually).
  • Distributions are payable July 9, 2021 to shareholders on record as at June 30, 2021.
  • Since inception Class A shareholders have received a total of $23.80 per share and Preferred shareholders have received a total of $9.12 per share inclusive of this distribution, for a combined total of $32.92.
  • Dividend 15 invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

Canadian Life Companies Split Corp. Preferred Dividend Declared

Friday, June 18, 2021 - 2:00pm

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.05417 for each Preferred share ($0.650 annually).

Key Points: 
  • TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (The "Company") declares its monthly distribution of $0.05417 for each Preferred share ($0.650 annually).
  • Distributions are payable July 9, 2021 to shareholders on record as at June 30, 2021.
  • There will not be a distribution paid to the Class A Shares for June 30, 2021 as per the Prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00.
  • Since inception Class A shareholders have received a total of $7.45 per share and Preferred shareholders have received a total of $9.47 per share inclusive of this distribution, for a combined total of $16.92 per
    The Company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.