Split Corporation
Class A share & preferred share data · Managed by TD Asset Management · Live TSX data, updated daily
Class A (XTD) price
$8.75
+$0.15 today
Class A Yield
6.98%
Preferred Yield
6.11%
NAV / Unit
—
Downside Protection
—
Dividend Coverage
—
Maturity Date
Dec 1, 2029
The fund issues two classes. Class A (XTD) pays a higher, variable monthly dividend and floats with the portfolio. Preferred shares rank ahead of Class A and give up upside for stability.
| Metric | Class A (XTD) | XTD.PR.A |
|---|---|---|
| Price | $8.75 | $11.45 |
| Current Yield | 6.98% | 0.06% |
| Dividend | Variable monthly | $0.0583 |
| 52-Week Range | $4.48–$10.52 | $10.05–$12.00 |
| Priority | Juniors — paid after preferreds | Senior — paid first, cumulative |
| Detail page | n/a (fund quote) | — |
XTD is a split corporation: a closed-end fund that splits a portfolio of Common shares of The Toronto-Dominion Bank — leveraged exposure to a single leading Canadian financial institution stocks into two classes of shares with different risk-return profiles. Preferred shares — XTD.PR.A — receive a prioritized, cumulative monthly dividend; Class A shareholders give up that priority in exchange for a much higher yield.
On Dec 1, 2029 the fund matures and is wound up: preferred shares are redeemed first, Class A holders receive the residual value. See our XTD.PR.A preferred share page for issue terms, prospectus data and history.
XTD is a Canadian split corporation managed by TD Asset Management. It holds a portfolio of Common shares of The Toronto-Dominion Bank — leveraged exposure to a single leading Canadian financial institution stocks and issues two classes of shares: Class A shares (higher yield, more risk) and preferred shares (prioritized, more stable dividends).
XTD is the Class A share — the equity class of the fund, with a higher (and variable) yield. XTD.PR.A is the preferred share class, which receives a prioritized cumulative dividend and ranks ahead of Class A. Downside protection exists based on the preferred shares' coverage.
The fund has a maturity date of Dec 1, 2029. At maturity, the fund winds up and both classes are terminated: preferred shareholders are paid first (up to their $25 redemption value per preferred share), and Class A holders receive what remains of the portfolio value.