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

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Post by mousermanon Mar 20, 2024 4:24pm

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Post# 35943616

DF unit nav to March 20 = approx: $15.13

Spreadsheet is showing a gain of about 9 cents since the March 15 update. DF has gained more in NAV than DFN in that same time frame, as DF has the smaller cash position and NA with a much higher weighting than DFN.
Last sale @ $4.88 makes the discount to NAV for the commons about 25 cents or 5 %.
LFE and DF both with big discounts and big yield payouts if you were buying in the past 2 weeks or so. I am overweight in LFE.

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