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DIVIDEND 15 SPLIT CORP II T.DF

Alternate Symbol(s):  T.DF.P.A | 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 > PULCAN makes $60k investment in DF.TO
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Comment by TickerTwiton Jun 29, 2022 1:30pm
147 Views
Post# 34791069

RE:PULCAN makes $60k investment in DF.TO

RE:PULCAN makes $60k investment in DF.TO
pulcan wrote:
I like the DRIP on the stock ...


Some advice which I doubt you'll like: don't DRIP this stock (DF).

DRIPs are appropriate for high-quality stocks with some factor of safety, such as utilities and banks, through which you are building a dependable future income stream. But income from DF, which is triple-leveraged, can dry up with stunning speed. The leveraged structure of DF removes the payout dependability, while in poor markets most of the underlying stocks will usually keep paying.

Also, if you are DRIPing DF, you are usually paying much more than NAV to buy it because it tends to trade at a sharp premium while the payout is active. You're giving money away.

Take cash from DF, always, and use the cash to re-invest in something else that's safer.
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