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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 > Why hasn’t Df made a move like FFN
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Comment by mkqtraderon Dec 28, 2023 5:30pm
172 Views
Post# 35803242

RE:Why hasn’t Df made a move like FFN

RE:Why hasn’t Df made a move like FFNPerhaps because DF still needs to recover over 3.3% to reach the dividend breakpoint while FFN needs less than 1%. This difference makes DF still a little less palatable for the moment, the big step will come as soon as the NAV will approachthe $15 mark.
Also, almost 60% of FFN holdings are US banks, which are seen more reliable and stronger that the Canadian ones. US holdings have increased by over $80M, while the Canadian ones only about $50M. DF holds the same Canadian banks plus a combination of other stocks and their performance has not been as strong.
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