Bullboard - Stock Discussion Forum Dividend 15 Split Corp II T.DF

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

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... see more

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Dividend 15 Split Corp II > Distribution on May 31?

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Post by Markyp on Jun 01, 2024 11:19pm

Distribution on May 31?

Were we not supposed to get a distribution may 31? I did t receive it did anyone else?

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Comment by mkqtrader on Jun 02, 2024 12:28am

The 30th was Ex-Div day for distributions to be paid on June 10 to shareholders on record as at May 31. On the 31, the value equivalent to the dividend is accounted and, consequently, removed from the NAV calculation as an accrued expense. Physically, the amount is still in the hands of Quadravest until June 10 but no longer on the books.

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