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 > DF unit NAV to April 22= Approx: $15.62

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Post by mousermanon Apr 23, 2022 11:04am

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Post# 34626139

DF unit NAV to April 22= Approx: $15.62

So that puts the value of the common shares at about $5.62 before distributions and $5.48 after...
if this correction continues in a big way, DF may fall short of the unit nav needed at the time of the mid MAY update. I reduced my DF here at this point , despite the higher yield and bought the safer play in DGS.

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