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DIVIDEND 15 SPLIT CORP II T.DF

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

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 NoShoesNoShirton Feb 02, 2024 2:03pm
29 Views
Post# 35860034

RE:RE:BIG DAY on DF stock and the latest moves..holy META!!

RE:RE:BIG DAY on DF stock and the latest moves..holy META!!
PatFromGrove wrote: Hi Pulcan, today is not and will not be a big day for DF. However, its big day will come but not for the reasons you stated. DF has been the weak sibling of DFN for a long time while having similar holdings. However, by not paying Class A dividend for the last 20 months, it is saving, or putting 10 cents into its NAV each month, adding $2.00, and is now much closer to DFN. It will catch up in the next 2 to 3 months since DFN is likely to be paying. Actually, when it finally catches up and in a month that, say, DFN is at $15.01 and DF is at $14.99, DFN will pay and DF not. Then the DF NAV will surpass DFN and hold that advantage after that. Patience is a virtue.

What a crazy idea, that quadravest would sandbag its own fund.  Notice I critique the idea, not the idiot.

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