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 vs DFN

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Comment by mousermanon Sep 13, 2024 11:46am

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Post# 36222383

RE:Df vs DFN

Pumpersuck wrote: I am not grasping why this stock is outpacing DFN, essentially the same underlying assets, same dividend yet trading at a premium. I sold quite a few DF shares today typically at a 5 cent difference and bought DFN. Ordinarily it would not make much difference, but on 80k shares it allowed me to buy an additional 4K worth of DFN. Anyone shed some light as to why it's trading higher?

DF valued higher as far as NAV is concerned , and has made bigger gains due to a smaller cash position and some differences in weightings. But u are right as there is not a great deal of difference between the 2 ... it may be advantageous to buy DFN at a bigger discount and a slightly bigger yield.

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