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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 > Assuming no pref tendered and lots of common
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Comment by mousermanon Dec 03, 2024 4:40pm
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Post# 36343786

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

RE:RE:RE:RE:RE:RE:Assuming no pref tendered and lots of common
pennydredful wrote: True re  the  liquidity  of  their   holdings   :   however   from  the  pref  prospective  they   must  keep  a defined  balance  of  pref   equity  and   common   equity  .  They   could   rebuilt    common  equity  by   only   paying   pref.   dividends    for   awhile. 

On oct 30 the discount was actually about 12 cents , hardly worth the effort of retracting. Luckily for those who did, this  current pullback waited until early december to come about.. or it WOULD have been a losing proposition most likely.. I checked Stockwatch and the last OS share counts showed the preferreds having about 580K more shares out than the Commons.. SO not sure how that will affect everything.. hopefully we get some calrity here in the near future.
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