TD Split Inc. Announces Record Date of Partial Call for Redemption
TORONTO, Nov. 4, 2014 /CNW/ - TD Split Inc. (the "Company") wishes to announce that the record date for the call for redemption of shares announced on October 31, 2014 shall be November 12, 2014. The Company will call 158,800 Class C Preferred Shares for cash redemption on November 14, 2014, representing approximately 14.08% of the outstanding Class C Preferred Shares as a result of holders of 158,800 Class C Capital Shares exercising their special annual retraction rights. Holders of Class C Preferred Shares on the close of business on November 12, 2014 will have approximately 14.08% of their Class C Preferred Shares redeemed. The redemption price for the Class C Preferred Shares will be $10.00 per share.
Payments of cash owing as a result of the shareholders having exercised their retraction privilege and above the notice of call on the Class C Preferred Shares, will be made by the Company on November 14, 2014.
The Company was established to generate dividend income for the Class C Preferred Shares while providing holders of the Class C Capital Shares with a leveraged opportunity to participate in capital appreciation from a portfolio of common shared of The Toronto-Dominion Bank. Information concerning TD Split Inc. is available on our website at http://www.timbercreek.com/td-split-inc.
The Class C Capital Shares and Class C Preferred Shares of TD Split are listed on the Toronto Stock Exchange under the symbols TDS.C and TDS.pr.C respectively.
SOURCE: TD Split Inc.
Investor Relations. 416-306-9967
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