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 > New Press Release - Dividend 15 Split Corp. II Increases Preferred Share Rate

<< Previous

Bullboard Posts

Next >>

Comment by tinkvidon Sep 18, 2024 10:48pm

75 Views

Post# 36230314

RE:RE:New Press Release - Dividend 15 Split Corp. II Increases Preferred Share Rate

This announcement was music to my ears and I agree, these prefs are definitely a tasty alternative....#1 weighted holding in SPLT and PREF.

Will be interesting to see if there will be positive price action in The DFN pref market tomorrow.

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant