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 > Chances of ever doing a similar FTN Reverse Split??

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Comment by Sugareeon Aug 02, 2022 10:15am

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Post# 34865467

RE:RE:Chances of ever doing a similar FTN Reverse Split??

Thanks for the info, nice to know what actually happened.

navgod wrote: FTN did a reverse split because pref holders redeemed the majority of their shares. They had this right with the fund's maturity date. Quadravest had no choice in the matter and it had nothing to do with missed divi payments. While FTN investors did not get 60% of their value they were hurt to the extent the premium over NAV got wiped out.

At this point in time this is not a risk for DF.

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