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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Comment by amugsgameon Apr 17, 2018 12:17pm

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Post# 27898007

RE:RE:RE:RE:RE:So whatv is the bottom line here?

Cauley12 - Sorry to hear about your health issues and the unfortunate purchase of DF. Some gentle advice here - you need to get a better underatanding of how the split funds function. You have to remember that the first $10 of the NAV of DF belongs to the "Pref's" - the remainder is what the "A's" would get if it was wrapped up today. Right now that seems to be somewhere about $4.25. So today buyers are paying about $5.50 (as of noon) for something worth $4.25. And don't hold on hoping for a recovery since that will be no time soon. Sell, research and go to one of the other funds that has a safe NAV and paying a div.

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