Dividend 15 Split Corp II T.DF

Alternate Symbol(s): T.DF.PR.A | DVDDF

Financial Services Asset Management

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 falls to $14.98

<< Previous

Bullboard Posts

Next >>

Comment by Snowsnakeon May 12, 2022 8:39am

108 Views

Post# 34677059

RE:DF unit nav falls to $14.98

"two more sessions", by this do you mean that the decision to make a distribution is made based on the NAV at the close on May 13? I should re-read the prospectus. Is this the same decision date for all the Quadravest funds? Since Preferred share holders must be paid first, do we need to see the NAV at $15.05 before Class A share holders get the distribution? I wonder if they have some wiggle room there The announcement will be made May 20, right?

<< Previous

Bullboard Posts

Next >>

@ the Bell: TSX advances to start off Christmas trading week