Dividend 15 Split Corp. II has released its Annual Report to November 30, 2012.
| DF / DF.PR.A Performance | |||
| Instrument | One Year |
Three Years |
Since Inception |
| Whole Unit | +10.89% | +8.01% | +0.91% |
| DF.PR.A | +5.38% | +5.38% | +5.38% |
| DF | +22.03% | +12.32% | -2.78% |
| S&P/TSX 60 Index | +4.15% | +3.79% | +0.01% |
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: 1.28% of the whole unit value
Average Net Assets: We need this to calculate portfolio yield. Not much change in Number of Units Outstanding, so the average of the beginning and end of year figures can be used: $77.8-million
Underlying Portfolio Yield: Dividends received of 3,208,211 divided by average net assets of 77.8-million is 4.1%
Income Coverage: Net Investment Income of 2,216,165 divided by Preferred Share Distributions of 2,663,184 is 83%.