Dividend 15 Split Corp II T.DF.PR.A

Primary Symbol: T.DF Alternate Symbol(s): 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 > DF unit nav to March 28 = approx; $15.29 before dist.

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Comment by mousermanon Apr 03, 2024 5:18pm

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Post# 35968958

RE:RE:RE:DF unit nav to March 28 = approx; $15.29 before dist.

I have a very old program Apache open office , so many of the other excel spreadsheets wont jive with it. It is a lot of work keeping these, as you have t take into account USD/CAD in some of the Split funds and also have to add in dividends collected on ex divvy date. When Quadravest does the full update, you have to adjust for cash, and changes in weightings. AND THOSE you have to guess at the % .
So after you have guessed at the % of the UNIT NAV in the spreadsheet, you calculate the value of the holding in $. Multiply the % of the holding x the UNIT NAV after cash is deducted.
Update it whenever you want to give your estimate. I do these almost every day. Mine is not automatic.

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