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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

Comment by mousermanon Jun 13, 2022 11:49am
199 Views
Post# 34752187

RE:I am thinking

RE:I am thinking
Investability00 wrote:
BK will possibly drop a bit more even if it's safe.

Yes BK could drop as well, but for some investors  its a hold, as BK will likely be paying to commons for the next several months at minimum. Banks will bounce back, with higher interest rates, altho they may start acquiring houses etc, from underwater homeowners... and we will likley see some default on loans other than house mortgages.
If you have a low average buying for BK, i would be holding. Starting a new position here, i think i would wait until closer to the month end. You can still get the next  distribution buying on june 27 ...
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