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

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Post by mousermanon Aug 09, 2022 6:22pm

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Post# 34883183

DF unit NAV to AUG 9 = approx: $14.37

so since JULY 29 DF has now lost 21 cents off the UNIT NAV, and commons have a value of $4.37
Without a miracle rally DF will again miss distributions being paid to commons in September.
DF finished the day down 4 cents to $4.86 but now trading at premium of 49 cents . That equates to a premium of 11.2%.
Unheard of for a split fund common that far underwater in a down market. If the market was rallying and heading higher , one could maybe understand paying a big premium .

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