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 > If someone that tendered for the Nov.29 NAV knew

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Comment by navgodon Dec 04, 2024 5:38pm

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Post# 36346088

RE:RE:RE:If someone that tendered for the Nov.29 NAV knew

You are right I am ignoring it because it is not relevant to my RETRACTION -- if the bulletin referred to a REDEMPTION as you described it is likely referring to Quadravest's option after the retraction to redeem shares to balance out the shares outstanding. Either way I think we have beaten this horse to death.

pennydredful wrote: You could be right however you seem to be ignoring a TSX bullentin warning that only a partial redemption was a possibility . This would seem to be the case case should a very high purportion elect to redeem

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