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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 reduces cash from 22% to 10%, UNIT NAV now $15.30
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Comment by mousermanon Jun 10, 2022 9:15am
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Post# 34746597

RE:RE:DF reduces cash from 22% to 10%, UNIT NAV now $15.30

RE:RE:DF reduces cash from 22% to 10%, UNIT NAV now $15.30That reduction in cash hoard for DF happened in MAY , where we saw a pullback , and then a bit of a bounce again.  DF may go to a higher cash holding again here, altho 10% is still high historically .
Snowsnake wrote: Would you see management's actions as demonstrating their confidence that we have seen the bottom? Why else would they spend the cash during a market downtrend?


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