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.

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DIVIDEND 15 SPLIT CORP II > Chances of ever doing a similar FTN Reverse Split??

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Post by Sugareeon Jul 31, 2022 4:48pm

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Post# 34863331

Chances of ever doing a similar FTN Reverse Split??

FTN did a reverse split 4 for 10 in December 2020 after 9 months of missed dividends. That is harsh, investors got 60% of their investment instantly wiped out. Anyone know why Quadravest would do that? Has anyone heard of any other split fund doing something this drastic?

Could Quadravest do this again, this time to DF?? I want to take a shot on this recovering to pay a sweet yield by buying in while it is so low, but this reverse spit they did to DF scares me.

Anyone, have any words of wisdom on Quadravest and reverse split?

Thanks in advance.

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