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 25 = $15.05

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Comment by mkqtraderon Mar 25, 2024 6:21pm

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Post# 35951738

RE:DF unit nav to March 25 = $15.05

Mouserman, could you explain why the NAV ion your calculation has gone down 8 cents since Friday when today the entire portfolio has gone up by ~$548K?
My calculation still shows a NAV as of end of day today of ~$15.1576 before distribution, with a value of ~$15.009 after distribution... Did you remove twice the 10 cents dist to common shares?

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