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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.


TSX:DF - Post by User

Comment by mousermanon Nov 17, 2022 4:37pm
133 Views
Post# 35108427

RE:RE:DO these buyers not track the holdings?

RE:RE:DO these buyers not track the holdings? Yes good plan, i heard that same plan a few other  times in the past 6 months, and the UNIT NAV was closer  to 15$ then . Usually these underwater split funds trade at a DISCOUNT, not a premium when they are 40 cents+ under the cutline for paying. It has NOTHING to do with TA , these trade on value.
Let me just say , you are not investing , you are gambling. AND the timing sucks, as tax loss sellling season is going to start any day. BUT good luck to you all.
jeanstk wrote: May not have the NAV this month but when it does, if you bought it cheep now it will payoff later, maybe as soon as next month! You get more shares for your dollars... equals more dividend. One does not need to have a mouserman high accounting skill level to figure that out. (No spreadsheet required) ;)



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