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

Primary Symbol: T.DF Alternate Symbol(s): 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 > DF unit nav to May 27 = approx $15.35

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Post by mouserman on May 27, 2024 6:13pm

DF unit nav to May 27 = approx $15.35

So showing a gain of just under 5 cents since the MAY 15th udpate,.
Last trade @ $5.20 means the discount has shrunk. AND after distributions are factored in DF would be trading right at tis NAV. News said DF has also started a buyback program.. that is what happens when they pay distributions to commons but trade at a discount. Quadravest wants to lower the share count, and by doing so lower the amount of the distributions monthly. Bringing more value to be left in the UNIT NAV.

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