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 to AUg 08 = approx: $14.43

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Comment by EdPaquetteon Aug 08, 2022 9:15pm

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Post# 34880462

RE:DF unit NAV to AUg 08 = approx: $14.43

I'm holding DF until it starts paying.

mouserman wrote: SO common are valued at $ 4.43 with about 5 sessions left until the midmonth update.
Doesnt look likely that DF will resume distributions being paid.
However buyers seem to be very hopeful and the last trade @ 4.90 gives a premium of 47 cents , on a common share worth $4.43. Works out to 10.7% premium.
Normally commons this far under water trade at NAV at best , and usually at a discount. Many willing to take on a lot of risk and no distribution.

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