Split Corporation
Class A share & preferred share data · Managed by Quadravest Capital Management · Live TSX data, updated daily
Class A (YCM) price
$10.95
+$0.00 today
Class A Yield
8.22%
Preferred Yield
5.80%
NAV / Unit
—
Downside Protection
—
Dividend Coverage
—
Maturity Date
—
The fund issues two classes. Class A (YCM) 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 (YCM) | YCM.PR.A | YCM.PR.B |
|---|---|---|---|
| Price | $10.95 | $5.17 | $5.40 |
| Current Yield | 8.22% | 0.06% | 0.07% |
| Dividend | Variable monthly | $0.0250 | $0.0313 |
| 52-Week Range | $5.36–$11.60 | $4.89–$5.39 | $4.89–$5.80 |
| Priority | Juniors — paid after preferreds | Senior — paid first, cumulative | Senior — paid first, cumulative |
| Detail page | n/a (fund quote) | — | — |
YCM is a split corporation: a closed-end fund that splits a portfolio of Split from a portfolio of dividend-paying stocks; issues $5 Class I and Class II preferred shares plus capital shares stocks into two classes of shares with different risk-return profiles. Preferred shares — YCM.PR.A, YCM.PR.B — receive a prioritized, cumulative monthly dividend; Class A shareholders give up that priority in exchange for a much higher yield.
YCM is a Canadian split corporation managed by Quadravest Capital Management. It holds a portfolio of Split from a portfolio of dividend-paying stocks; issues $5 Class I and Class II preferred shares plus capital shares stocks and issues two classes of shares: Class A shares (higher yield, more risk) and preferred shares (prioritized, more stable dividends).
YCM is the Class A share — the equity class of the fund, with a higher (and variable) yield. YCM.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.