OVERVIEW

CORE HOLDINGS

Dividend 15 Split Corp. II is an investment corporation designed to pay monthly cash dividends. The corporation invests primarily in a portfolio of 15 dividend yielding, high quality Canadian companies. Two types of shares are available, a Class A (DF) and a Preferred (DF.PR.A).

 

 

To view a Split Share Fund overview please click here.

Bank of Montreal

Bank of Nova Scotia

BCE Inc.

CI Financial Corp.

CIBC

Enbridge Inc.

Manulife Financial

National Bank of Canada

Royal Bank

Sun Life Financial

TELUS Corporation

Thomson Reuters Corporation

Toronto-Dominion Bank

TransAlta Corporation

TC Energy Corporation

 

Shares held within the Portfolio are expected to range between 4-8% in weight but may vary from time to time. Top holdings by weight may include holdings other than the core holdings as up to 15% of the net asset value may be invested in equity securities other than the core holdings (as per the Prospectus).

 

 

OBJECTIVES

SHARE HIGHLIGHTS

Preferred Shares:

 

(i) to provide holders of the Preferred Shares with fixed, cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price; and
(ii) on or about the termination date of December 1, 2024 (subject to further 5 year extensions thereafter), to pay the holders of the Preferred Shares the original issue price of those shares.

 

Class A Shares:

 

(i) to provide holders of the Class A Shares with regular monthly cash dividends initially targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price; and
(ii) on or about December 1, 2024, to pay the holders of Class A Shares at least the original issue price of those shares.

​Preferred Shares:

 

  • Fixed cumulative monthly dividends (5.25% or $0.525 per share annually)

  • Quality investments and diversification

  • Strong downside protection and asset coverage

  • Pfd-3 (low) DBRS Rating - May 24/19

  • Competitive Yield

 

Class A Shares:

 

  • Monthly cash dividends ($1.20 per share target annually)

  • Quality investments and diversification

  • Leverage to performance of high quality stocks

  • Capital appreciation potential

  • Attractive alternative to other income vehicles

TOP HOLDINGS

VALUATION

Holdings Sorted by weight as at October 31, 2019:

 

TC Energy Corp
National Bank of Canada
Canadian Imperial Bank of Commerce
Toronto-Dominion Bank
Manulife Financial Corp
BCE Inc
Bank of Nova Scotia
Royal Bank of Canada
Sun Life Financial Inc
Enbridge Inc
Thomson Reuters Corp
Telus Corp
Bank of Montreal
Suncor Energy Inc
TransAlta Corp

November 15, 2019

NAV Pre-Distribution:

$15.44

Distribution:

-

NAV Net of Distribution:

$15.44

NAV + Total Distributions Paid to Date:

$35.14

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200 Front Street West

Suite 2510, P.O. Box 51

Toronto, Ontario M5V 3K2

 Investor Relations: 1-877-478-2372 

 Local Investor Relations: 416-304-4443

 Main telephone: 416-304-4440

 Fax: 416-304-4441

 

Questions may be directed to 

info@quadravest.com

or submitted in the fields below: