{"id":20822,"date":"2013-01-13T02:57:53","date_gmt":"2013-01-13T06:57:53","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=20822"},"modified":"2013-01-13T02:57:53","modified_gmt":"2013-01-13T06:57:53","slug":"df-pr-a-annual-2011-and-semi-annual-report","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=20822","title":{"rendered":"DF.PR.A Annual (2011) and Semi-Annual Report"},"content":{"rendered":"

Dividend 15 Split Corp. II has released its Annual Report to November 30, 2011<\/a>.<\/p>\n

\n\n\n\n\n\n\n\n
DF \/ DF.PR.A Performance<\/td>\n<\/tr>\n
Instrument<\/td>\nOne
Year<\/td>\n		Three
Years<\/td>\n		Since
Inception<\/td>\n<\/tr>\n
Whole Unit<\/td>\n+1.29%<\/td>\n+12.01%<\/td>\n+0.18%<\/td>\n<\/tr>\n
DF.PR.A<\/td>\n+5.38%<\/td>\n+5.38%<\/td>\n+5.42%<\/td>\n<\/tr>\n
DF<\/td>\n-5.90%<\/td>\n+24.05%<\/td>\n-5.15%<\/td>\n<\/tr>\n
S&P\/TSX 60 Index<\/td>\n-9.08%<\/td>\n+10.95%<\/td>\n+0.88%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

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!<\/p>\n

Figures of interest are:<\/p>\n

MER: 1.27% of the whole unit value<\/p>\n

Average Net Assets: We need this to calculate portfolio yield. No change in Number of Units Outstanding, so the average of the beginning and end of year figures can be used: $81.0-million<\/p>\n

Underlying Portfolio Yield: Dividends received of 3,201,530 divided by average net assets of 81.0-million is 3.90%<\/p>\n

Income Coverage: Net Investment Income of 2,131,609 divided by Preferred Share Distributions of 2,655,975 is 80%.<\/p>\n

According to the 12H1 Semi-Annual Statement<\/a>:<\/p>\n

MER: 1.53% of the whole unit value. The reason for the increase is not discussed, but appears to be due to an increase in legal fees and shareholder reporting costs.<\/p>\n

Average Net Assets: We need this to calculate portfolio yield. No change in Number of Units Outstanding, so the average of the beginning and end of period figures can be used: $78.5-million<\/p>\n

Underlying Portfolio Yield: Dividends received of 1,558,606 divided by average net assets of 78.5-million is 1.98% for the half, or call it 3.95% annualized.<\/p>\n

Income Coverage: Net Investment Income of 960,503 divided by Preferred Share Distributions of 1,327,988 is 72%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dividend 15 Split Corp. II has released its Annual Report to November 30, 2011. DF \/ DF.PR.A Performance Instrument OneYear ThreeYears SinceInception Whole Unit +1.29% +12.01% +0.18% DF.PR.A +5.38% +5.38% +5.42% DF -5.90% +24.05% -5.15% …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-20822","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/20822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20822"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/20822\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}