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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 and a Preferred.
| Portfolio Core Holdings: |
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| Bank of Montreal |
National Bank of Canada |
Sun Life Financial |
| Bank of Nova Scotia |
CI Financial Corp. |
TELUS Corporation |
| CIBC |
BCE Inc. |
Thomson Corporation |
| Royal Bank |
Manulife Financial |
TransAlta Corporation |
| Toronto-Dominion Bank |
Enbridge Inc. |
TransCanada Corp |
Shares held within the Portfolio are expected to
range between 4-8% in weight but may vary from time to time.
Objectives
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 December 1, 2014 (termination date),
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, 2014 (termination date),
to pay the holders of Class A Shares at least the original issue price
of those shares.
| Preferred Share Highlights |
Class A Share Highlights |
| Fixed cumulative monthly dividends (5.25%
or $0.525 per share annually)
Quality investments and diversification
Strong downside protection and asset coverage
Pfd-3 DBRS Rating - Aug 27/09
Competitive Yield
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Monthly cash dividends (8.0% or $1.20
per share annually) Quality investments and diversification
Leverage to performance of high quality stocks
Capital appreciation potential
Attractive alternative to other income vehicles
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