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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

Post by mousermanon Sep 13, 2024 1:42pm
90 Views
Post# 36222691

DF unit nav in realtime = approx: $16.16

DF unit nav in realtime = approx: $16.16Showing a gain of about 38 cents since the AUG update. With DF only having 3 % cash at last update, i think they will likely take some profits in some of the big movers and top up their cash before having to pay to commons and preferreds.
DF commons should be valued at $6.16 before we take distributions into account. Lots of time until ex-divvyy date and a lot can happen in short time.
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