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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 JohnWalkeron Aug 22, 2019 6:55pm
120 Views
Post# 30057086

RE:No news out yet regarding the dividend.

RE:No news out yet regarding the dividend.The news finally came out after market close today ....

 

Dividend 15 to pay 4.37-cent distribution Sept. 10

 

2019-08-22 16:08 ET - News Release

 

An anonymous director reports

DIVIDEND 15 SPLIT CORP. II REGULAR MONTHLY DIVIDEND DECLARATION FOR PREFERRED SHARE

Dividend 15 Split Corp. II has declared its regular monthly distribution of 4.375 cents for each preferred share. Distributions are payable September 10, 2019 to shareholders on record as at August 30, 2019. There will not be a distribution paid to the Class A Shares for August 30, 2019 as per the Prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00. Since inception Class A shareholders have received a total of $12.70 per share and Preferred shareholders have received a total of $6.71 per share inclusive of this distribution, for a combined total of $19.41.

Dividend 15 II invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TransCanada Corporation.


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