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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 > Termination Extension Announcement
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Post by Morrisanon Mar 13, 2024 6:51am
215 Views
Post# 35929895

Termination Extension Announcement

Termination Extension AnnouncementAs followers of DF, can someone help me understand yesterday's announcement, specifically:

1) a possible change in pref shares dividend.  If that were to go up, class A would be affected?

2) the special retraction right offering price based on Nov 29 NAV.  What would that look like?
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