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

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Post by flamingogoldon Jun 13, 2024 11:47am

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Post# 36087208

Rallied from $2.24 last October on rate cut hopes

Last Fall the FED announced cuts were coming in 2024. Yesterday, the FED just dialed back their rate cuts from 3 to 1. The good news is inflation has been cut more than half from the peak. But, the euphoria on rate cuts may need to be re-priced. This may mean successive misses for DF since it's already below the threshold.

If it misses, this could retest $4.29. And if market weakness persists over the summer, a retest of $3.80.

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NervGen Pharma: Proof that NVG-291 works?