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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Comment by amugsgameon Apr 17, 2018 12:17pm

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Post# 27898007

RE:RE:RE:RE:RE:So whatv is the bottom line here?

Cauley12 - Sorry to hear about your health issues and the unfortunate purchase of DF. Some gentle advice here - you need to get a better underatanding of how the split funds function. You have to remember that the first $10 of the NAV of DF belongs to the "Pref's" - the remainder is what the "A's" would get if it was wrapped up today. Right now that seems to be somewhere about $4.25. So today buyers are paying about $5.50 (as of noon) for something worth $4.25. And don't hold on hoping for a recovery since that will be no time soon. Sell, research and go to one of the other funds that has a safe NAV and paying a div.

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