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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 > PULCAN makes $60k investment in DF.TO
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Comment by TickerTwiton Jun 29, 2022 1:30pm
173 Views
Post# 34791069

RE:PULCAN makes $60k investment in DF.TO

RE:PULCAN makes $60k investment in DF.TO
pulcan wrote:
I like the DRIP on the stock ...


Some advice which I doubt you'll like: don't DRIP this stock (DF).

DRIPs are appropriate for high-quality stocks with some factor of safety, such as utilities and banks, through which you are building a dependable future income stream. But income from DF, which is triple-leveraged, can dry up with stunning speed. The leveraged structure of DF removes the payout dependability, while in poor markets most of the underlying stocks will usually keep paying.

Also, if you are DRIPing DF, you are usually paying much more than NAV to buy it because it tends to trade at a sharp premium while the payout is active. You're giving money away.

Take cash from DF, always, and use the cash to re-invest in something else that's safer.
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