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.

TSX:DF - Post by User

Dividend 15 Split Corp II > NAV July 24

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Comment by mousermanon Jul 25, 2023 4:47pm

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Post# 35556638

RE:RE:RE:NAV July 24

DF unit nav to JULY 25 = approx: $14.27 up 14 cents since the JULY 14 update. Actually has done better than DFN due to weightings difference and also a lower cash position.
After distributions (DF is only losing 5 cents for preferreds) the commons would have a value of $4.22
, so still above the number on JULY 14th. Seems like DF is a better bet here than DFN...

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