I had the pleasure of being quoted in a December 3rd post by Canadian Business Online Blog author Larry MacDonald regarding comments I made on the topic of Quadravest’s Dividend 15 Split Corp capital and preferred shares. The Dividend Guy had an opportunity to weigh in as well.
The concerns I had, which are fully disclosed in Appendix II of the article, deal with the inadequate disclosure offered to investors about the covered-call writing by management in the capital shares and lack of performance in relation to iShares Dividend ETF XDV.
A link to the full article can be found here.
Larry wrote a good article on this Split Corp. Looking at the holdings, there's no reason to buy such an obscure product that has non-transparent fees.
Dividend 15 as of Nov 30, 2009:
Canadian Imperial Bank of Commerce
Manulife Financial Corporation
CI Financial Income Fund
AGF Management Ltd.
TMX Group Inc.
Bank of Montreal
Royal Bank of Canada
Sun Life Financial Inc.
National Bank of Canada
It was an honor to be asked to comment on this. Thanks for posting the link Brad.