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.

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Dividend 15 Split Corp II

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Post by mousermanon Oct 18, 2024 4:13pm

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Post# 36272377

DF ends the day @ $16.80 UNIT NAV before dist.

After distributions the UNIT NAV would carry a value of about $16.65 and the commons would be valued @ $6.65 and with the last trade @ $6.46 the discount is 19 cents after payout. The big discount seems to be shrinking fast here as ex divvy date comes nearer, and Quadravest has declared payouts.

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