DIVIDEND 15 SPLIT CORP II T.DF

Alternate Symbol(s): T.DF.P.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 > Chances of ever doing a similar FTN Reverse Split??

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Comment by Sugareeon Aug 02, 2022 9:55am

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Post# 34865392

RE:RE:Chances of ever doing a similar FTN Reverse Split??

Well, anyone with 1000 shares suddenly only had 400 shares, stock price actually dropped from $8.22 to $7.75 after consolidation. It took 3 months to regain $8.22. Technically, this reverse split should have more than doubled the stock price. Also, when dividend was reinstated in was still not materially increased, .115 to .126.

So, 1000 x $8.22 = $8220
400 x $7.75 = $3100
Net capital loss $5120

Looks like a huge loss in capital to me, and now a similar monthly dividend on only 400 shares, not 1000 shares.

TickerTwit wrote: A split (or reverse) in itself cannot produce a gain or loss to shareholders. How did the 60% instant loss occur?

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Sugaree wrote:
FTN did a reverse split 4 for 10 in December 2020 after 9 months of missed dividends. That is harsh, investors got 60% of their investment instantly wiped out.
Thanks in advance.