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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
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Post by mousermanon Jun 27, 2022 4:34pm
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Post# 34785670

DFN unit NAv @ approx: $16.58 before dist. to June 27

DFN unit NAv @ approx: $16.58 before dist. to June 27My spreadsheet has DFN losing about 29 cents since the midmonth update, and at this point the commons have a value of $6.58 before distributions , and $6.44 after distributions.
The premium then would come out at $1.77 or about  27.4%... 
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