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 > BIG DAY on DF stock and the latest moves..holy META!!

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Comment by NoShoesNoShirton Feb 02, 2024 3:17pm

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Post# 35860202

RE:RE:RE:RE:BIG DAY on DF stock and the latest moves..holy META!!

PatFromGrove wrote: No body is saying Quadravest is sandbagging DF. It is just that by the rules, DF could not pay being under $15 NAV where as DFN was paying for most of the last 20 months. With similar investment returns, the NAV of the 2 funds would get closer and closer. It is just maths.

I agree with everything pat from Grove. It's pulcan that I disagree with.

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