Dividend 15 Split Corp. II has released its Annual Report to November 30, 2010.
DF / DF.PR.A Performance | |||
Instrument | One Year |
Three Years |
Since Inception |
Whole Unit | +12.20% | -2.34% | -0.29% |
DF.PR.A | +5.38% | +5.38% | +5.38% |
DF | +23.41% | -8.89% | -5.24% |
S&P/TSX 60 Index | +11.88% | +0.31% | +3.98% |
Using the S&P TSX 60 index rather than “Dividend Aristocrats” seems a little odd to me – but we’ll let them choose their benchmark!
Figures of interest are:
MER: 1.23% of the whole unit value
Average Net Assets: We need this to calculate portfolio yield. No change in Number of Units Outstanding, so the Net Assets figure for the whole corporation can be used: $84.2-million
Underlying Portfolio Yield: Dividends received (net of withholding) of 3,239,572 divided by average net assets of 84.2-million is 3.85%
Income Coverage: Net Investment Income of 2,210,176 divided by Preferred Share Distributions of 2,655,975 is 83%.