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 > DF unit nav to OCT 24 = approx: $16.67

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Oct 24, 2024 4:24pm

121 Views

Post# 36280939

DF unit nav to OCT 24 = approx: $16.67

Now showing a gain of 5 cents, as stocks again bounced back late in the day. SO after distributions DF commons would be valued at $6.52... and with the last trade @ $6.36 the discount is 16 cents after distributions are factored in. Still the better value between DFN and DF.
DFN actually closed higher @ $6.37 despite having over 16 cents less value , and so I was buying more DF near the lows today.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading