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.

TSX:DF - Post by User

DIVIDEND 15 SPLIT CORP II

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Jun 05, 2024 10:07am

128 Views

Post# 36073028

Quadravest updates DF unit nav @$15.17 only .04 below DFN's

So my estimate of $15.16 was only 1 cent low... close enough. DF appears to be the better buy , considering the gains it has made vs DFN the past 3 months or so. DF trades at a discount, pays a higher yield, and so for meis the better buy. History of payouts , holds no weight in my parameters for the value of split funds. Particularly those who payout when they SHOULD NOT.

<< Previous

Bullboard Posts

Next >>

Mid-year update: Charting GameSquare’s sharp business growth