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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 navgodon Mar 07, 2018 4:16am
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Post# 27673589

RE:RE:RE:RE:RE:RE:DF NAV even lower than we thought ..14.74 after distribution

RE:RE:RE:RE:RE:RE:DF NAV even lower than we thought ..14.74 after distributionI contacted Quadravest mid-January asking why they hadn't done a new issue for DF despite the huge premium to NAV. Their response which I found disturbing was "the underwriters determine the timing of any upcoming offerings". I think DF just got so overvalued that the underwriters were worried that any new issue announcement might have been like a pin popping a balloon. Wonder how many investment advisors from the underwriters had their clients in this bubble? Anyway always good to know who's driving the bus.
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