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 Dec 08, 2022 8:05pm

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Post# 35160679

DF unit NAv @ $14.33 to dec 8

So down a few more pennies today, and mostly from financials getting trashed of late. Bottom part of DF holdings did well today, or the losses could have been much bigger.
DF commons now valued at $4.33 so trading right at NAV with the last trade @ 4.34...
the 15th is exactly a week from today, so 5 more sessions for DF to make a miracle comeback to 15$. Really dont see that happening. Next week Fed is on tap and they are raring to hike rates another 50 points if the pundits are correct. I see some serious selling going into the xmas thin trading.

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