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.

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Dividend 15 Split Corp II

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Post by amugsgameon Feb 20, 2018 8:22pm

79 Views

Post# 27591211

Perhaps Someone Can Help

So I'm trying to understand why 124,000 shares were bought today (I understand why anyone sold). Some may have been to short covering but certainly not all. You really didn't need a crystal ball to see where this was going. My only explanation is that retail buyers have been jumping on DF with no idea of what they are doing and a lot are going to be very surprized at 9:30 tomorrow morning. But I'd like to know if I am way off on this.

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