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 02, 2024 12:48pm

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Post# 36340989

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

Sorry that is not how it would work. There is enough liquidity in all the holdings of the quadravest funds that given notice they received there is no excuse not honour the retraction requirement in full and on time.

pennydredful wrote: perhaps the way it would work as an example only. They would redeem 50% now. and the rest later when able to do so. In the meanwhile the tendering unit holders would continue to get the dividend on their remaining shares until the remainder were finally redeemed

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