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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 flamingogoldon Mar 21, 2024 3:32pm
138 Views
Post# 35945683

RE:DF NAV & dividend

RE:DF NAV & dividendMarkets went into a tailspin on the increasing odds of out of control inflation, rising rates and recession. A floor was cemented in October once the FED announced rate cuts were coming in 2024. Sooo, this market will continue to have legs as long as those cuts do in fact land... .we are promised as many as 3.

Keep in mind that once rates begin their decline, a lot of "safe" sideline money in GICs and high interest saving accounts / money markets is going to come out and look for better returns in dividend funds (hello BK) and equities.

Adman543 wrote: Hello - first thank you for all your posts, i read all of them.  I've been a long time holder, enjoyed the $6-7 range years with monthly divs.  But TBH this has been dead money for a while now....Now, we have a NAV above 15, is this sustainable, Or, whats a your exist point?  Above $5.00 today!


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