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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

Comment by mkqtraderon Jan 06, 2024 7:15pm
196 Views
Post# 35814149

RE:BIG shakeup in holdings weighted list.

RE:BIG shakeup in holdings weighted list.I went back on history with DF Fund Updates from Quadravest and found that Manulife is the top holding since August 2023 while in July it was on third position, after RY and SLF. The big move was in August with MLF at 6.1%, RY at 5.9% and finally TRP, SLF and BCE at 5.5% 
One of the things that I noticed is that unfortunately Quadravest uses a heavy rounding on all percentages (at least two decimals would really help us with our forecasts...) leaving space for large gaps on the real value of cash on hand and the number of units for each holding
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