Dividend 15 Split Corp II T.DF

Alternate Symbol(s): T.DF.PR.A | DVDDF

Financial Services Asset Management

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 > DF unit nav to March 22 = approx: $15.13

<< Previous

Bullboard Posts

Next >>

Comment by NoShoesNoShirton Mar 22, 2024 11:40pm

99 Views

Post# 35948491

RE:DF unit nav to March 22 = approx: $15.13

mouserman wrote: Spreadsheet showing a gain of only 9 cents today, ( since the March 15 updated numbers) and not much cushion for DF for paying to commons. And a long time to go until next midmonth update.

<br /> The rising tide has lifted all boats.  This boat, DF, is made of weak stuff and could easily sink below $15 nav any given day.  When the "sell in May" bunch get going, DF is very likely going to miss a few dividends. 

<< Previous

Bullboard Posts

Next >>

Eminent acquires promising Nevada gold project