TORONTO, Sept. 18, 2020 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.04792 for each Preferred share. Distributions are payable October 9, 2020 to shareholders on record as at September 30, 2020.
There will not be a distribution paid to the Class A Shares for September 30, 2020 as per the Prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00.
Since inception Class A shareholders have received a total of $13.30 per share and Preferred shareholders have received a total of $7.33 per share inclusive of this distribution, for a combined total of $20.63.
Dividend 15 II invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TransCanada Corporation.
Distribution Details
| Preferred Share (DF.PR.A) | $0.04792 |
| Ex-Dividend Date: | September 29, 2020 |
| Record Date: | September 30, 2020 |
| Payable Date: | October 9, 2020 |
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