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 > important: Concurrent Annual Retraction

<< Previous

Bullboard Posts

Next >>

Comment by Jmarks1on Jul 27, 2023 12:13pm

81 Views

Post# 35559729

RE:important: Concurrent Annual Retraction

Thank you so much for the post AnEducator! I've owned DF.PR.A so long I forgot all about the redemptions, but the rising price had me wanting to get rid of my shares. I owe you a bottle.. :)

Can you tell us what kind of fee's are added to the retraction process if any ?

The Prospectous states under annual retraction "less any commissions and other costs (to a maximum of 1% of the Net Asset Value per Unit) related to liquidating the Portfolio to pay such redemption amount" which is vague.

Thanks again :)

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale