October 19, 2016 09:00 ET
TORONTO, ONTARIO--(Marketwired - Oct. 19, 2016) - M Split Corp. ("M Split") declares its monthly distribution of $0.03125 per share ($0.375 annually) for Class I Preferred shareholders. The Class I Preferred share dividends are paid at an annual rate of 7.50% based on the $5 notional issue price. Distributions are payable November 10, 2016 to shareholders on record as at October 31, 2016.
M Split invests in common shares of Manulife Financial Corporation, the largest life insurer in Canada offering financial products and wealth management services.
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