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 Sept 09 = approx; $15.97

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Comment by navgodon Sep 09, 2024 4:51pm

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Post# 36215490

RE:DF unit nav to Sept 09 = approx; $15.97

mouserman wrote: Showing a gain of just over 19 cents since the udpated number to AUG 30.. commons last trade @ $5.42 the discount is now 55 cents or almost exactly 10%.
Crazy.. havent seen these kind of discounts for split funds commons with the UNIT NAV that high. Shorts are going to get scorched come ex divvy date.

Shorters are many things but stupid is not one of them-- willing to bet there are very few shorts in DF or DFN for that matter. GLTA

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