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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

Bullboard Posts
Comment by YellowBrickRoadon Dec 16, 2018 7:14pm
92 Views
Post# 29121929

RE:RE:RE:RE:RE:RE:RE:RE:RE:termination

RE:RE:RE:RE:RE:RE:RE:RE:RE:termination
TickerTwit wrote: lower market volatility (at that time) might lead to lower income from from the covered-calls.  It would be interesting to see if a falling trend in the premiums DF was able to get actually happened.

Here are the values reported as "Premiums Received".  These numbers are from the Auditor's Reports.  The brokerage costs are on the same page as the options, so I assume it is for writing options specifically.  In another section of the report it provides another number as Portfolio brokerage costs so I have included that as well.  The 2006/07 reports gave only one number.  Management Fee is added to compare against the other numbers.

    Options Portfolio  
    Brokerage Brokerage Mngmt
  Call Options Costs Costs Fee
2006 $220,455 $79,812   $37,461
2007 $39,400 $76,751   $1,021,811
2008 $196,768 $64,109 $20,691 $844,260
2009 $140,459 $52,001 $62,571 $616,880
2010 $142,313 $46,224 $26,454 $633,745
2011 $262,050 $52,110 $21,716 $638,273
2012 $165,684 $54,270 $43,822 $587,730
2013 $151,518 $53,578 $49,443 $633,828
2014 $312,287 $132,415 $121,478 $1,167,760
2015 $332,043 $168,220 $59,191 $1,590,973
2016 $242,665 $152,170 $74,990 $1,600,172
2017 $251,385 $143,866 $112,140 $1,947,693

Bullboard Posts