Dividend 15 Split Corp II T.DF

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

Dividend 15 Split Corp. II is a mutual fund. The Company 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 Preferred shares are to provide holders of the Preferred shares with fixed, cumulative preferential monthly cash dividends in the amount of $0.04792 per Preferred share to yield 5.75% on the $10 repayment amount and to pay the holders $10 per Preferred share. The investment objectives with respect to the Class A shares are to provide holders of the Class A shares with regular monthly cash dividends targeted to be $0.10 per Class A share. The net asset value per unit must be above the required $15 per unit threshold in order for monthly dividends to be declared, and On or about the termination date, to pay the holders the original issue price ($15) of the Class A shares. The investment manager of the Company is Quadravest Capital Management Inc.

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Dividend 15 Split Corp II > Apr/15 NAV estimate

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Comment by mousermanon Apr 16, 2021 3:39pm

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Post# 33012714

RE:RE:Apr/15 NAV estimate

Well a nice move up in value today for DF, and i grabbed 5K today, as I can see a distribution for APRIL is a lock. And really , IF a person is bullish on DFN and giving it a premium, perhaps a small position in DF not a bad gamble on the same set of stocks.

mouserman wrote:

TickerTwit wrote:
I've got 15.06 at today's close. My most recent two estimates have been a little lower than what QV posted, which bodes well for the DF payout being restored this month.

Yes seems to be very close to mine, as the UNIT NAV came out at 15.04 , but easy to be out a few pennies. Quadravest may use the close of the 16th to calculate if DF will pay to commons. I have seen them use a later date than the 15th on a number of occasions.
If so it certainly appears DF will pay to commons this month.