DIVIDEND 15 SPLIT CORP II T.DF.PR.A

Primary Symbol: T.DF Alternate Symbol(s): DVDDF

Dividend 15 Split Corp. II is an investment company, which invests in a portfolio of 15 dividend-yielding, Canadian companies. It offers two types of shares, a Class A and Preferred. The investment objectives with respect to the Class A shares are to provide holders of the Class A shares with regular monthly cash dividends. The net asset value per unit must be above the required $15 per unit threshold for monthly dividends to be declared; and on or about the termination date, to pay the holders of Class A shares at least the original issue price of those shares. The investment objectives with respect to the Preferred shares are to provide holders of the Preferred shares with fixed, cumulative preferential monthly cash dividends in the amount of $0.04792 on the $10 repayment amount per Preferred share to yield 5.75%, and to pay the holders of the Preferred shares the $10 repayment value of those shares. Quadravest Capital Management Inc. is the investment manager of the Fund.

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DIVIDEND 15 SPLIT CORP II > Why hasn’t Df made a move like FFN

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Comment by mkqtraderon Dec 28, 2023 5:30pm

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RE:Why hasn’t Df made a move like FFN

Perhaps because DF still needs to recover over 3.3% to reach the dividend breakpoint while FFN needs less than 1%. This difference makes DF still a little less palatable for the moment, the big step will come as soon as the NAV will approachthe $15 mark.
Also, almost 60% of FFN holdings are US banks, which are seen more reliable and stronger that the Canadian ones. US holdings have increased by over $80M, while the Canadian ones only about $50M. DF holds the same Canadian banks plus a combination of other stocks and their performance has not been as strong.

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