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 > DF unit nav to Nov 19 = approx: 15.85

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Comment by Investability00on Nov 22, 2021 9:27am

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Post# 34152249

RE:RE:RE:DF unit nav to Nov 19 = approx: 15.85

mouserman wrote: Almost a sure thing on ex dividend date, if markets continue this direction.

Investability00 wrote:

mouserman wrote: So only a loss of about 6 cents since nov 15, and that is miles better than most of the split funds i watch... Yield still at 18.88% and premium to NAV still reasonable at 8.5% considering the high yield.

I like this stock and thinking about buying some more. Do you think it might dip to the $6.2x range again?

I am also looking at LIF as well as DF. What are your thoughts on that?

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