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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Comment by amugsgameon Apr 13, 2018 9:05am

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Post# 27878338

RE:DF will miss paying dist for 3rd consecutive month

Fully agree with you on this. Another aspect that shows the misguided mentality out there is that anyone who invests in split funds and understands the workings of them could easily sell DF and move into something with a much safer NAV and that is actually paying a div like FNN. But as we know, understanding of splits is limited amongst investors and so they'll hang on, telling themselves it's only a "paper loss" and praying for a miracle.

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