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 > DF 24.4 million SO and DFN 124.3 Million

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Comment by navgodon Nov 26, 2024 2:32pm

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Post# 36331842

RE:RE:RE:RE:DF 24.4 million SO and DFN 124.3 Million

I give up! Read the relevant sections in the Annual Information Report

pennydredful wrote: THe TSX issued a bulliten warning a partial retraction was possible presumably could be accentuated by a large common retraction and a nil pref. attraction . To use an extreme example ---say every common is retracted but no prefferred , only a weasel out clause will allow a partial retraction that will allow the entity to continue unless they can balance out the capital by calling the pref for cash redemption presumably at par ??

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