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.

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Dividend 15 Split Corp II > Assuming no pref tendered and lots of common

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Comment by navgodon Dec 01, 2024 4:54pm

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Post# 36339832

RE:RE:Assuming no pref tendered and lots of common

!st this not an annual retraction but a Special Retraction Right that comes with the extension every five years.
2nd Quadravest is obligated to redeem all shares submitted for retraction.
3rd don't know what companies redemption you have been submitting to but I really don't believe they were spitshares
4th the only science fiction is your post ... just my two cents worth

mkqtrader wrote: @pennydredful
The official Nov 29 NAV will be posted by Quadravest as soon as they have done their homework, probably aroung Dec 4.

Regarding the redemption matter, I believe that Quadravest is not obliged to fulfill all common shares tendered for redemption, most probably they are going to process only the number needed to rebalance the number of common shares to the number of preferred shares.
In the past I have tried to offer all my shares (for other companies) for redemption but only a small part of them had been processed.
All this reasoning on doomsday and tragically negative results from this ANNUAL redemption exercise, to me, is just an investment version of science fiction: I am pretty sure that many investors who believed to get a load of cash from this exercise might be left with some disappointment... just my two-cent comment.