Dividend 15 Split Corp II T.DF

Alternate Symbol(s): T.DF.PR.A | DVDDF

Financial Services Asset Management

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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Oct 10, 2024 4:13pm

116 Views

Post# 36261645

DF unit nav to OCT 10 = $16.46

Spreadsheet showing a gain of nearly 20 cents since the september 30th update.
Commons now should be getting close to a value of $6.46... very undervalued hereas the UNIT NAV grows. Last trade @ $6.13 means the discount is 33 cents or about 5.1%.

<< Previous

Bullboard Posts

Next >>

3 Mid-Sized Stocks to Consider This Season