OVERVIEW
PORTFOLIO UNIVERSE
Dividend Select 15 Corp. was created to provide investors with an opportunity to invest in a portfolio of 15 high quality Canadian companies selected from a 20 company universe, whose shares offer attractive dividend yields, have shown solid earnings growth and have a history of capital appreciation.
Trading Symbol: DS
Bank of Montreal
Bank of Nova Scotia
BCE Inc.
Canadian Imperial Bank of Commerce
Cenovus Energy Inc.
CI Financial Corp.
Enbridge Inc.
Great-West Lifeco Inc.
Loblaw Companies Limited
National Bank of Canada
Ovintiv Inc.
Power Corporation of Canada
Royal Bank of Canada
Sun Life Financial Inc.
Telus Corporation
Thomson Reuters Corp.
Toronto-Dominion Bank
TMX Group Inc.
TransAlta Corporation
TC Energy Corporation
The portfolio will consist of 15 companies selected from the 20 company universe listed above.
OBJECTIVES
SHARE HIGHLIGHTS
(i) Regular monthly cash distributions currently targeted to be at a rate of 10% annualized based on the volume weighted average market price of the Equity shares for last 3 trading days of the preceding month (please see September 15, 2014 news release)
(ii) The opportunity for capital appreciation
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Monthly cash distributions*
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Portfolio consists of high quality Canadian dividend paying companies
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Benefits from covered call writing and volatility
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Capital appreciation potential
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Attractive alternative to other income vehicles
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Tax efficient distributions
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Experienced investment manager
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*For the purposes of the Income Tax Act (Canada) and any similar provincial legislation, the Company designates any and all dividends paid on the Equity Dividend shares as “eligible dividends” unless the Company indicates otherwise.
TOP HOLDINGS
VALUATION
Holdings Sorted by weight as at May 31, 2024
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Enbridge Inc
Thomson Reuters Corp
National Bank of Canada
Royal Bank of Canada
Sun Life Financial Inc
Cenovus Energy Inc
Toronto-Dominion Bank
Canadian Imperial Bank of Commerce
Power Corporation of Canada
Telus Corp
TC Energy Corp
Bank of Nova Scotia
BCE Inc
TransAlta Corp
CI Financial Corp
June 28, 2024
NAV Pre-Distribution: $6.26
Distribution: $0.05175
NAV Net of Distribution: $6.21
NAV + Total Distributions Paid to Date: $16.66