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.


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).





Preferred Shares:


(i) to provide holders of the Preferred Shares with fixed, cumulative preferential monthly cash dividends in the amount of $0.04792 per Preferred Share to yield 5.75% 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

  • Quality investments and diversification

  • Strong downside protection and asset coverage

  • Pfd-4 DBRS Rating - August 2020

  • 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



Holdings Sorted by weight as at December 31, 2020:


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

December 31, 2020

NAV Pre-Distribution:    $13.42    
Distribution:    $0.0479    
NAV Net of Distribution:    $13.37    
NAV + Total Distributions Paid to Date:    $34.14

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


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