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.

TSX:DF - Post by User

DIVIDEND 15 SPLIT CORP II

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Comment by amugsgameon Feb 26, 2018 10:35am

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Post# 27620476

RE:DF vs DGS and NAV , value

Tradewils - Thanks for your great explanation and thoughts on split funds. Like you've been, I'm long DGS and short DF. These funds are great income generators if you play them right but do require a lot of babysitting. Not quite as bad as some of the VIX funds which Credit Suisse (who back some of these) in the prospectus state that any long term investment will probablly be lost but jumping in to the splits without having a good grip on the structure will probably result in tears.

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