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Dividend 15 Split Corp II T.DF

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

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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Comment by FlintNewellon Dec 18, 2015 10:43am
121 Views
Post# 24395107

RE:It will go back up. Graph says so.

RE:It will go back up. Graph says so.Paying a premium on NAV with no dividend backing it at the moment is not what I would call a bargain. At the current price ($5.91), you would be paying a 30% premium over NAV ($4.52) in the hopes that NAV will go much higher than $15 to allow for a sustainable dividend.

If DF runs into the issue of only being able to a pay a dividend every few months or so, you'll quickly find that investors won't be willing to pay that premium to NAV.
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