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.

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Dividend 15 Split Corp II > Distribution on May 31?

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Comment by mkqtraderon Jun 02, 2024 12:28am

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Post# 36068015

RE:Distribution on May 31?

The 30th was Ex-Div day for distributions to be paid on June 10 to shareholders on record as at May 31. On the 31, the value equivalent to the dividend is accounted and, consequently, removed from the NAV calculation as an accrued expense. Physically, the amount is still in the hands of Quadravest until June 10 but no longer on the books.

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