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TDb Split Corp. filed a prospectus supplement dated January 21, 2026 for an at-the-market distribution of up to $37,500,000 in Priority Equity Shares and up to $37,500,000 in Class A Shares, for a total offering of $75,000,000. The Company entered into an equity distribution agreement with National Bank Financial Inc., which will act as agent and receive compensation of up to 2.5% of the gross sales price for each class of shares sold.
TDb Split Corp. is a mutual fund corporation incorporated under the laws of the Province of Ontario that invests primarily in dividend-yielding common shares of The Toronto-Dominion Bank. The Priority Equity Shares and Class A Shares are listed on the Toronto Stock Exchange under the symbols XTD.PR.A and XTD respectively. On January 20, 2026, the last trading day prior to the announcement of the offering, the Priority Equity Shares closed at $10.78 and the Class A Shares closed at $6.65. The Net Asset Value per Unit was $18.71 as of January 15, 2026.
Blake, Cassels & Graydon LLP serves as counsel to the Company, while Osler, Hoskin & Harcourt LLP represents the Agent. Quadravest Capital Management Inc. acts as the Company's manager. The offering will terminate on the earlier of February 21, 2028, the issuance and sale of all shares, or termination of the distribution agreement. There is no minimum amount of funds that must be raised under this offering.
Parties
Company
TDb Split Corp.
Bank
National Bank Financial Inc.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 75,000,000Deal Status
ActiveClosing Date