DIVIDEND 15 SPLIT CORP II T.DF

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

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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Post by mousermanon Aug 13, 2021 7:13pm

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Post# 33705126

DF unit NAV to AUG 13 = approx: $15.58

So my spreadsheet had DF gaining about 34 cents since JULY 30, and that leaves the UNIT NAV at 15.58. SO commons have a value of 5.58 now.. and a little more breathing room. However the premium is the biggest of any split fund i follow @ 12.2%, so obviously some yield chasing here. DF has the highest annual yield of the splitfund commons i follow at 19.14%...
next highest yield is that of FFN , @ 18.55% with a premium less than 1%
DGS would come in 3rd with a yield of 18.13% and a premium , a guess...@ about 6.7%
Lost some off the UNIT NAV today while DGS commons went up 9 cents.

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