Dividend 15 Split Corp II T.DF

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

Financial Services Asset Management

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 kurtwalteron Sep 04, 2015 6:31pm

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Post# 24080598

DF NAV

The closest proxies for DF's NAV are probably ZEB , ZWB. and XFN They dropped around 2.5 to 3.0 per cent since Aug 31. XFN is doing slightly worse.

https://www.theglobeandmail.com/globe-investor/markets/stocks/summary/?q=ZEB-T

However, most components are at least 10 per cent below their target price, and earnings reports were overall positive, but the market seems to be afraid of bad loans to the oil patch, although most banks have claimed that these were generally a minor part of their business (apart from CWB).

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