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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 Jan 26, 2016 12:08am
429 Views
Post# 24492860

RE:RE:RE:NAV - Jan. 15, 2015

RE:RE:RE:NAV - Jan. 15, 2015Agreed. I wonder if buyers have realized there won't be a dividend for common shares (for a while at least). The market rally on Friday was nowhere near what's needed to get NAV back above $15. Today's (Jan. 25) 3.3% increase also doesn't make sense.
Bullboard Posts
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