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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Post by mousermanon Apr 22, 2021 5:38pm

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Post# 33052298

DF unit NAV to Aprl 22 drops back to 15$

So the bottom line was DF Unit NAV lost just over 5 cents today... so 15$ is where my spreadsheet has it pegged. Trouble with buying here, is if we see a continued pullback in the markets... DF may collect distribution for those holdings, but ex divvy day you may not be able to get out quick enough to cover the drop and still have a profit with a 10 cent distribution.
Very difficult to predict the markets here, but a pullback after such a big runup, is a high probability.
For those in at 5$ or so... and willing to wait long, it could still work out OK.
I am off to safer , greener pastures.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?