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 > DF unit nav to Jan 11 = approx: $14.43

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Comment by Investability00on Jan 16, 2023 10:35am

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Post# 35225513

RE:DF unit nav to Jan 11 = approx: $14.43

mouserman wrote: So a nice move up since DEC 30th, but with only a couple of days left til calculation date, DF will come up short of 15$. Which makes one wonder if this is now a buy for next month. DF now trading at a 15 cent discount to NAV, and is a much better level to make a small bet on this one.
I am thinking that FEB may not be as kind to the markets...but who really know for sure..

Yes it could gain $1.00 in a month. I sold at $5.67 and bought at 4.09, so I'm looking good already. Thanks mouserman for your words of wisdom!

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