DIVIDEND 15 SPLIT CORP II T.DF

Alternate Symbol(s): DVDDF | T.DF.P.A

Dividend 15 Split Corp. II is an investment company, which 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 Class A shares are to provide holders of the Class A shares with regular monthly cash dividends. The net asset value per unit must be above the required $15 per unit threshold for monthly dividends to be declared; and on or about the termination date, to pay the holders of Class A shares at least the original issue price of those shares. 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 on the $10 repayment amount per Preferred share to yield 5.75%, and to pay the holders of the Preferred shares the $10 repayment value of those shares. Quadravest Capital Management Inc. is the investment manager of the Fund.

TSX:DF - Post by User

DIVIDEND 15 SPLIT CORP II

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Post by mousermanon Mar 15, 2023 7:41pm

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Post# 35341383

DF unit nav to March 15 = approx; $13.95

SO my spreadsheet has DF losing about 71 cents since the feb 28th update. SO commons have a value of 3.95 before dist to preferreds. Almost trading right at NAV. DF a more diversified stock than FFN which is pure financials and trades @ a 30 % premium. DF a buy, and FFN a shortsellers dream.
Particularly after MOODY's downgraded the US banks today.

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