Please Note: We are moving away from tracking split-shares. The table below will not be available in the near future.

A List of split-share corporations. This list includes all split-share corporations issued in the Canadian market from all issuers. All types are included in this list.  A portfolio of split-share corporation preferreds and class A shares can be used to provide the investor with a constant income from dividends. In addition, splits share corps provide extra diversification as needed. This list provides you with basic information about each split share. If you are looking to evaluate the preferreds or class A shares, use our compare tables available in our website.

Split shares are unique investment corporations that offer two distinct types of shares and typically invest in an underlying portfolio of dividend paying companies. The two distinct share types are:

1. Class A shares. Higher Risk also higher reward.  The share captures the movement of the underlying security(ies), but in a more magnified way than if an investor owned the underlying portfolio of securities directly. This magnification of return is achieved through “leverage”, (the selling of puts) . The shares receive a steady monthly distribution when the net asset value is above a specified threshold. Distributions are funded by capital appreciation, income from covered calls and excess dividend income earned in the underlying portfolio that is over and above what is needed to fund the Preferred share dividends.
2. Preferred shares.  The preferreds  receive fixed, cumulative quarterly payments and are much safer than the class A shares.

Both classes of shares trade separately on the TSX.

Split-share corporation Preferreds

The Preferred shares are more conservative and have a steady income stream due to their fixed, cumulative quarterly payments. Payments are usually in the form of eligible Canadian dividends which are taxed at a lower rate than other types of income. Preferred shares have a priority claim ahead of the Class A shares on the fund’s assets in the event of termination. However, the net asset value of Preferred shares do not benefit from growth in the underlying stocks. The market price of a Preferred share has historically tended to be fairly steady and investors have a monthly and annual retraction feature. 

For you, selecting the highest yielding preferreds of this type does not get easier.  Use the Compare Preferred Shares of Split-Share Corporations page.

Split-share corporation Class A

The Class A shares offer higher risk and reward. Buying a Class A share of a Split rather than buying the underlying stocks yourself can result in magnified gains if the value of the underlying portfolio increases or magnified losses if the value of the underlying portfolio decreases, due in each case to leverage. The monthly payments to Class A shares are a target (not fixed). They can be missed if the portfolio declines but on the other hand, if the portfolio has realized gains, the Class A shares may be entitled to special distributions on top of the monthly payments. In the event of termination the Class A shares receive the balance of the portfolio (net asset value) after the Preferred shares receive their original issue price plus any accrued and unpaid Preferred dividendsmore conservative and have a steady income stream due to their fixed, cumulative quarterly payments. Payments are usually in the form of eligible Canadian dividends which are taxed at a lower rate than other types of income. Preferred shares have a priority claim ahead of the Class A shares on the fund’s assets in the event of termination. However, the net asset value of Preferred shares do not benefit from growth in the underlying stocks. The market price of a Preferred share has historically tended to be fairly steady and investors have a monthly and annual retraction feature. 

Use the Compare Class A Shares of Split-Share Corporations page to find the ones best fitting your selection criteria.

List of split-share corporations

Here is the up to date list of Class A split share stocks available in the market today.  We have done all the legwork, therefore saving you time and making the selection process faster. Consequently the only task left for you is picking the right preferred.  Each day we update the data model with the latest information for each preferred. As a result, the compare tables are always reflecting today’s highest yielding preferreds by category.

Selecting the highest yielding Class A split share does not get easier. As with all of the tools, we provide in this site, the definition of the metrics “Table columns” is presented in a separate article Ranking Table Column Information.

Canadian Preferred Shares – Mission

Our mission is to provide the average investor with the knowledge, up to date information, latest trends, data and tools to select the best preferreds to purchase or sell today.

Without tools like the ones we provide here, its simply not possible to make an educated decision, thus keeping most individual investors away. Our tools provide an overall view, of the preferreds market. With a few clicks you can easily locate today’s best preferreds within a sector/category or across the whole market.

Using our homepage as a starting point you can access all of our tools.