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.

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Dividend 15 Split Corp II > 4.11!?!? What is this?!

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Comment by TickerTwiton Mar 08, 2021 9:47pm

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Post# 32749545

RE:RE:RE:RE:RE:4.11!?!? What is this?!

Actually, it's not fair of me to stick Quadravest with all of it. The shifting could partly be from calls being exercised as the underlying stocks rise.

My son just opened an RRSP this year and had a whopping contribution room of about $1000. I told him to buy DF and hold for the payout to restart. He got in at 3.22 ... which is a yield on book of 37% on restart and full payback in 26 months.

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TickerTwit wrote: I've got 4.79 at today's close, but Quadravest has been shifting the weights around something fierce in the past several months so I'm not attaching much reliability to it.

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