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

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Post by mousermanon Jun 05, 2024 10:07am

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Post# 36073028

Quadravest updates DF unit nav @$15.17 only .04 below DFN's

So my estimate of $15.16 was only 1 cent low... close enough. DF appears to be the better buy , considering the gains it has made vs DFN the past 3 months or so. DF trades at a discount, pays a higher yield, and so for meis the better buy. History of payouts , holds no weight in my parameters for the value of split funds. Particularly those who payout when they SHOULD NOT.

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