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 unit nav to DEC 6 = approx: $17.37

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Post by mousermanon Dec 06, 2024 4:14pm

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Post# 36350135

DF unit nav to DEC 6 = approx: $17.37

Dont know what the sellers were looking at , but i guess thats why I track the NAV.
Biggest movers were TA up over 20% in a week, BMO up 9.6% and Loblaws up 5.5 %.. of course these dont show on the top ten.. but they contributed a LOT to the NAV gain, as in 20 cents of 28.5 cents gained since Nov 29.
Last trade for DF was at $6.52 and the value of the commons here is $7.37 .. so the discount now growing to 85 cents or about 11.5 %.. strange times we are seeing.

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