Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

DIVIDEND 15 SPLIT CORP II T.DF

Alternate Symbol(s):  DVDDF | T.DF.PR.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.


TSX:DF - Post by User

DIVIDEND 15 SPLIT CORP II
Bullboard Posts
User Avatar Image
(28)
•••
Comment by yggdrasilllon Sep 13, 2017 2:25am
77 Views
Post# 26688518

RE:RE:RE:RE:RE:RE:...

RE:RE:RE:RE:RE:RE:...

It's definitely a worry. Do you, or does anyone, know where we can find the historical NAV?

 

mouserman wrote: I do believe these split stocks are  not without risk. Altho i do think most of the stocks in their portfolio are a good mix, there is the chance that the NAV falls below 15$ and the holders of the common A shares would not receive the distribution below that threshold .
We recently watched that happen with LFE , and i believe the A shares wont get distribution for september now either without some big jump in the lifecos.The preferreds are much lower yield but are safer.
Last update showed the NAV at  $15.15.....

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities