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.

TSX:DF - Post by User

Dividend 15 Split Corp II > DF unit nav to July 10 = approx: $15.02

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Comment by flamingogoldon Jul 10, 2024 8:17pm

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RE:DF unit nav to July 10 = approx: $15.02

"Fall" ends in December. Market could be getting ahead of itself here.

If the whisper of rate cuts changes in tune due to economic weakness, the markets could start smelling recession as a need to cut. Lately, DFN and DF are like roulette, eventually it doesn't work out. LFE was a prime example of that.

mouserman wrote: After accounting for holdings going ex divvy , my spreadsheet has a gain of 22 cnets since June 28th for DF. Puts them above the threhhold very quickly. They are on the bubble tho and its not a given that the market continues up. TODAY the markets reacted up big to Jerome Powell's comments suggesting an interest rate cut should proabaly appear this fall.

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