Dividend 15 Split Corp II T.DF

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

Dividend 15 Split Corp. II is a mutual fund. The Company 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 Preferred shares are to provide holders of the Preferred shares with fixed, cumulative preferential monthly cash dividends in the amount of $0.04792 per Preferred share to yield 5.75% on the $10 repayment amount and to pay the holders $10 per Preferred share. The investment objectives with respect to the Class A shares are to provide holders of the Class A shares with regular monthly cash dividends targeted to be $0.10 per Class A share. The net asset value per unit must be above the required $15 per unit threshold in order for monthly dividends to be declared, and On or about the termination date, to pay the holders the original issue price ($15) of the Class A shares. The investment manager of the Company is Quadravest Capital Management Inc.

TSX:DF - Post by User

Dividend 15 Split Corp II

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Post by mousermanon May 06, 2024 4:41pm

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Post# 36025742

DF UNIT NAv to May 6 @$15.08

DF did indeed finish the day up 40 cents since the April 30 th update. THE weighting in DF actually created a 3 cent higher gain in UNIT NAV than DFN.
If i held DFN and liked this group of holdings it is a no brainer to sell DFN and buy DF at a big discount of 35 cents or about 7%. DFN unit nav is ONLY 9 cents higher than DF... as of today.

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Geologica Resource: Polymetallic upside at a depressed price