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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 YellowBrickRoadon Dec 15, 2018 1:15am
53 Views
Post# 29119131

RE:RE:RE:RE:RE:termination

RE:RE:RE:RE:RE:termination
TickerTwit wrote: [To validate the 13.68, would someone else post an independent estimate of NAV at today's close? Thanks.]
Here is what I get:
November 30 as per Quadravest
Total Assets $234,353,535
Cash $16,404,747 7%
Equities $217,948,788  
Units 16,434,214  
NAV $14.26  

Market Close December 14
Total Assets $228,359,652
Cash $16,404,747 7%
Equities $211,954,905  
Units 16,434,214  
NAV $13.90  

This is assuming the weighting is as it was at the end of August which is the latest portfolio disclosure I see.  My sheet shows a a drawdown since November 30 of -$9,040,479 or 4.09%.  The cash should be about the same unless some divs came in or fees were paid.  I haven't added those in yet.
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