An anonymous director reports
M SPLIT CORP. MONTHLY DIVIDEND DECLARED FOR CLASS I PREFERRED SHARES
M Split Corp. has declared a monthly distribution of 3.125 cents per share (37.5 cents annually) for Class I preferred shareholders. The Class I preferred share dividends are paid at an annual rate of 7.5 per cent, based on the $5 notional issue price. The distribution is payable on May 10, 2019, to shareholders of record as at April 30, 2019.
M Split invests in common shares of Manulife Financial Corp., the largest life insurer in Canada, which offers financial products and wealth management services.
Distribution details
Class I preferred share: 3.125 cents
Ex dividend date: April 29, 2019
Record date: April 30, 2019
Payable date: May 10, 2019
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