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.

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Dividend 15 Split Corp > DFN holdings seeing some massive drops

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Post by mousermanon Aug 05, 2022 12:36pm

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Post# 34874473

DFN holdings seeing some massive drops

Both DF and DFN 's NAVs are cratering early on friday as jobs report in Canada was underwhelming in contrast to the US report which showed growth.
At last look, only 3 of the 20 holdings are up, those being NA,BMO and MFC.
Some of those that are down are down in bigger numbers.. TRP now down over 4% , TA down over 6%, and CIX down over 3%. Overall DFN has lost over 23 cents since the JULY 29 update.
UNIT NAV now would be around $16.30 in realtime, and with the last trade @ 7.42 makes the premium about $1.12. That works out to a 17.7% premium, not outrageous, altho safety net is getting thinner, with commons now valued at about $6.30

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