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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TSX:DF - Post Discussion

Dividend 15 Split Corp II > They must be running the ATM pedal to the metal

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Post by pennydredful on Nov 05, 2024 3:01pm

They must be running the ATM pedal to the metal

to raise cash for the redemption

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Comment by pennydredful on Nov 06, 2024 11:29am

Volume by 10.30 today was twice the daily average .

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Comment by chessplayer on Nov 06, 2024 3:33pm

They can't as it trading below NAV.

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Comment by pennydredful on Nov 06, 2024 5:34pm

You may be right . I am a newby to the situation . Perhaps the resident genius ( no insult intended) Mouserman can confirm what you say .

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Comment by navgod on Nov 06, 2024 5:41pm

he is right

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Comment by pennydredful on Nov 06, 2024 11:09pm

I guess they use what cash they have on hand and if more is required they liquidate a portion of their portfolio.

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Comment by mouserman on Nov 07, 2024 11:47am

I doubt there is any action in the ATM programs at Quadravest .. as there was only BK at a premium for quite a while now, and even they are now discounted today.

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Dividend 15 Split Corp II