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 May 18, 2018 8:57am

75 Views

Post# 28051293

RE:RE:RE:RE:RE:RE:RE:RE:RE:Trading like its going to make the threshhold for dist.

I agree that games get played by funds although in this case they would be in breech of the prospectus since it also affects the Retractiion value and RBC (the NAV evaluator) would have to be compliant.

"The Net Asset Value of the Company will be calculated by The Royal Trust Company (the Custodian ) as of each Retraction Date (as defined below) and as of the fifteenth day of each month or if the fifteenth day of each month is not a Business Day then the immediately preceding Business Day (each, a Valuation Date ) by subtracting the aggregate amount of the Companys liabilities from its total assets, which are valued as follows"

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