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

DIVIDEND 15 SPLIT CORP II

<< Previous

Bullboard Posts

Next >>

Post by AnEducatoron Feb 14, 2024 12:26am

100 Views

Post# 35879066

NAV February 13

~$14.31. Discount: ~$0.49. We are ~4.83% below the payment threshold.

This has been off my radar for a while now, but with increased volatility in the horizon, some good opportunities may present themselves here. The only issue with DF is the heavy concentration in the financial-related sectors. I wish they would diversify better like Brompton's DGS. A little more energy at current prices might provide more torque, especially with the increased M&A activity lately.

<< Previous

Bullboard Posts

Next >>

Canadian e-sports company signs Pringles partnership