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 > DF unit nav to Jan 11 = approx: $14.43

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Comment by Investability00on Jan 16, 2023 10:35am

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RE:DF unit nav to Jan 11 = approx: $14.43

mouserman wrote: So a nice move up since DEC 30th, but with only a couple of days left til calculation date, DF will come up short of 15$. Which makes one wonder if this is now a buy for next month. DF now trading at a 15 cent discount to NAV, and is a much better level to make a small bet on this one.
I am thinking that FEB may not be as kind to the markets...but who really know for sure..

Yes it could gain $1.00 in a month. I sold at $5.67 and bought at 4.09, so I'm looking good already. Thanks mouserman for your words of wisdom!

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