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 > important: Concurrent Annual Retraction

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Comment by AnEducatoron Jul 27, 2023 1:15pm

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Post# 35559895

RE:RE:important: Concurrent Annual Retraction

The commissions/fees are rarely anything to worry about. In the past, they have been negligible.

Please make sure you are tendering an equal number of BOTH classes of shares and that they are being done so under the CONCURRENT ANNUAL RETRACTION.

i assume you have bought the Class A shares, DF, to facilitate this retraction.

Call your broker asap to make sure their deadline has not passed. If for whatever reason they cannot tender your shares, I, personally, would be selling into the market.

Jmarks1 wrote:
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 :)