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.

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Dividend 15 Split Corp II > Market direction will be determined by Nvidia results

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Post by flamingogoldon Aug 28, 2024 12:47pm

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Market direction will be determined by Nvidia results

They need to knock it out of the park and CEO Jensen Huang's language has to be upbeat on future guidance. Rate reduction is already priced in so anything negative will see selling pressure. Today Abercrombie & Fitch surpassed expectations but is getting nailed based on the CEO raising concerns of "potential" market uncertainty.

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