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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
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Comment by yggdrasilllon Sep 14, 2017 12:01pm
112 Views
Post# 26695788

RE:My bad

RE:My bad

mouserman wrote: I see DF does NOT post the NAV with every dividend declaration. Only posts the nav if they are NOT going to pay the A shares a distribution. Net Asset value per unit must be under 15$.  Preferred shares aways get paid .

 

Go to the bottom of this page. With a NAV at $15.15 on August 31st the danger is real, but bank stocks have had a decent run recently, as have the energy stocks. So this month should be ok.

https://www.quadravest.com/df-fund-features

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