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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 Nov 01, 2024 4:33pm
107 Views
Post# 36292993

DF unit nav to Nov 1 = approx: $16.45

DF unit nav to Nov 1 = approx: $16.45SO DF up about 5 cents since yesterday, and now the commons are valued at around $6.45, so wasnt too interested in selling any today.  Discounted about 32 cents with it closing at  $6.13.. and i think some of the liquidity was removed by the retraction process. DFN on other hand has a UNIT NAV of 16.26 or so.. so 17 cents less than DF, and the commons closed at $6.16 which is not far below the value of the commons.  I know if i held DFN i would have been dumoing it hard to buy the same stocks in DF... at a nice discount. Same yield 10 cents  a share.. so today DF is paying a higher % yield and has a bigger discount , with a higher NAV. I think sellers of DF the last few days, dont understand the NAV , just look at historical payouts etc..
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