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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 mkqtraderon Apr 18, 2024 3:52pm
44 Views
Post# 35996670

RE:Quadravest updates UNIT NAV for DF @$14.67

RE:Quadravest updates UNIT NAV for DF @$14.67My spreadsheet showed a NAV of $14.677 on April 15, very close to the declared NAV... this said, I feel that it will take more than just a month to climb again above the $15 threshold and see another div payment. Too much turmoil in the market, with a correction that to me looks a bit too strong, as too strong was the race upwards of the last two months... banks and other financial institutions still make a lot of money so for me it is hard to understand the selloff going on this month, unless the market is really driven by shorters and not by financial reports...
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