DIVIDEND 15 SPLIT CORP II T.DF

Alternate Symbol(s): DVDDF | T.DF.P.A

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

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Post by mousermanon Aug 03, 2022 4:16pm

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Post# 34869327

DF unit NAV has lost 8 cents since JULY 29

So where the UNIT NAV was at JULY 29 is a bit irrelevant here, as DF has lost about 8 pennies off the NAV. My spreadsheet had DF UNIT NAV around 14.50 before the preferreds dist. were taken off.
So likely about 60 cents under water here still. I dont give DF much chance of making the 15$ threshhold for the UNIT NAV by the 15th of August.
But buyers are jacking it up to a premium, maybe because of the high projections of pumpers on these boards. FFN s well getting the same action and even further underwater than DF.

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