Dividend 15 Split Corp II DVDDF

Primary Symbol: T.DF Alternate Symbol(s): T.DF.PR.A

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 > Nice surprise as DF comes in 8 cents higher

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Comment by mousermanon Nov 20, 2024 9:18am

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RE:Nice surprise as DF comes in 8 cents higher

This morning I see some selling DF at market, while higher bids appear for DFN,, no accounting for stupid.... Lets buy the poorer performer because of its steady payout history and being the darling fund in Quadravest. Paid out more than once when they didnt actually have the high enough UNIT NAV on midmonth date. So one reason why DF has outperformed DFN the past 3 months, at least as far as UNIT NAV goes.

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