Dividend 15 Split Corp T.DFN

Alternate Symbol(s): T.DFN.P.A | DVSPF

Dividend 15 Split Corp. is a Canada-based mutual fund, which invests primarily in a portfolio of dividend yielding common shares, which includes approximately 15 Canadian companies. The Company offers two types of shares, including Preferred shares and Class A shares. Its investment objectives with respect to Preferred Shares are to provide holders with fixed cumulative preferential monthly cash dividends in an amount of $0.04583 per Preferred share to yield 5.5% per annum on the $10 repayment amount and to return the $10 repayment amount to their holders on the termination date. Its investment objectives with respect to Class A Shares are to provide holders with regular monthly cash distribution targeted to be $0.10 per Class A share and return the original issue price to their holders on the termination date. The net asset value per unit must remain above the required $15 per unit threshold for distributions to be declared. Its investment manager is Quadravest Capital Management Inc.

TSX:DFN - Post by User

Dividend 15 Split Corp > Offering clarification

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Comment by mousermanon Jun 24, 2022 10:29am

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Post# 34780094

RE:RE:RE:Offering clarification

In this current market i dont think it would be an easy sell. DFN commons shares showing a healthy premium here, but the general direction of the NAV has been down for a few months now...

JRand3 wrote: So with these high premiums of class A's in DFN, FTN etc..it's a high probability of an offering once the preferred NAVs move from a discount to a premium?

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