Top 10 Split Trust (T:TXT.UN)
Business Focus: Closed End Funds
Insider Filings
Latest 10 SEDI filings for TXT within the last 6 months
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Company News
Mar 27, 2024 16:01 ET
Top 10 Split Trust Announces Year End Results
(TSX: TXT.UN; TXT.PR.A) Top 10 Split Trust (the “Fund”) announces results of operations for the year ended December 31, 2023. Increase in net assets attributable to holders of Capital Units amounted to $0.53 million or $0.94 per Capital Unit. As...
Mar 05, 2024 16:01 ET
Top 10 Split Trust Declares Quarterly Fund Distributions
(TSX: TXT.UN; TXT.PR.A) Top 10 Split Trust has declared quarterly fund distributions payable on March 28, 2024 to unitholders of record on March 15, 2024 in the following amounts per share. Share ClassTickerAmount Per ShareCapital...
Valuation Ratios
Industry
Sector
Beta
--
--
--
Price to Sales - TTM
1.10
9.36
4.87
Price to Book - most recent quarter
1.30
0.94
1.61
Price to Cash Flow per share - TTM
--
--
8.77
Price to Free Cash Flow per share - TTM
2.00
16.44
20.10
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 617 | -300 |
| Mar 15, 2024 | 917 | 300 |
| Feb 29, 2024 | 617 | 0 |
Business Summary
| Sector: Financials | Industry: Closed End Funds |
Top 10 Split Trust (the Fund) is a split share investment trust designed to provide unitholders with exposure to the Canadian banks and Canadian life insurance companies. The Fund's investment objective is to provide holders of Capital Units, upon redemption, with the benefit of any capital appreciation in the market price of the securities in the Fund's portfolio, and to pay quarterly distributions to holders of Capital Units in an amount targeted to be 7.5% per annum of the NAV per Capital Unit. The Fund's investment objectives for Preferred Securities to pay holders of Preferred Securities fixed quarterly cash interest payments equal to 6.25% per annum on the $12.50 principal amount of a Preferred Security, and to repay the principal amount of $12.50 per Preferred Security on the maturity date. The Funds investment portfolio includes financials, cash and exchange-traded funds. Mulvihill Capital Management Inc. (Mulvihill) is the investment manager of the Fund.
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