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.

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DIVIDEND 15 SPLIT CORP II > Looking at the DF chart is mostly a waste of time

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Comment by flamingogoldon Mar 14, 2024 2:11pm

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Post# 35933213

RE:RE:RE:Looking at the DF chart is mostly a waste of time

DF challenging LFE for regular distributions. It will likely depend on how quickly rates fall (or at all).

DF had a solid streak of 14 distributions in 2021-22. Then, rates started rising Spring '22 and shortly afterwards distributions for DF stopped and haven't resumed since. However, LFE is now paying and likely to pay again this month. Any rate declines, however, will help DF and not LFE. Question is... do we get the rate drop in June or later or ever this year?

mouserman wrote:
flamingogold wrote: LFE can be included as well, just a hair above in NAV over DF. DFN can be included as well, only slightly higher than both of them.

mouserman wrote: These split fund commons react to the movement of the NAV , and really TA isnt a great way to trade these. With the markets going very red today, DF's UNIT NAV now will have fallen to a level close to the threshhold to pay.. doesnt take long when they only have a 12 cent cushion.

Wasnt picking specifically on DF, was just commenting on Pulcan's TA, which he seems to think has an effect on split fund commons. I buy and sell according to the discount ( buying ) or premium to NAV ( selling). I only look at the historical chart to see how much better Lifecos have performed than the banks, of late... going back 18 months or so. High interest rates have definitely made a difference.
And no guarantee of a cut coming very soon.