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 > DF unit nav to AUg 30 = approx; $15.78 after distributions.

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Post by mousermanon Aug 30, 2024 4:43pm

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Post# 36203393

DF unit nav to AUg 30 = approx; $15.78 after distributions.

DF showed a gain of over 47 cents since the update aug 15th, and after distributions, the commons would carry a value of $5.78.. and this month passed DFN in value, if none of the inputs have changed.
DFN could have decreased its cash position and the effect would have been more monetary gains in some of the big movers in the fund.
We will know more when the Monthend update appears.

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