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

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Post by mousermanon Aug 13, 2021 7:13pm

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Post# 33705126

DF unit NAV to AUG 13 = approx: $15.58

So my spreadsheet had DF gaining about 34 cents since JULY 30, and that leaves the UNIT NAV at 15.58. SO commons have a value of 5.58 now.. and a little more breathing room. However the premium is the biggest of any split fund i follow @ 12.2%, so obviously some yield chasing here. DF has the highest annual yield of the splitfund commons i follow at 19.14%...
next highest yield is that of FFN , @ 18.55% with a premium less than 1%
DGS would come in 3rd with a yield of 18.13% and a premium , a guess...@ about 6.7%
Lost some off the UNIT NAV today while DGS commons went up 9 cents.

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