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Dividend 15 Split Corp T.DFN

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

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

Post by Doodlebugon Aug 05, 2022 3:38pm
213 Views
Post# 34875062

A bit of a quandary

A bit of a quandarys a shareholderwith about 20% invested in DFN , l am at a  loss to undestand why the continous panic and mania about both NAVs and Termination dates. To the best of my recollection DFN has on;y missed 4 , yes 4 div payments in 228 months or so, a lot of other div companies wish they could say the same. Number 2 many companies , Banks and some utilities trade over Nav , is this like another post said a bloated pig. Are the Big 5 CDN banks bloated pigs as well. l look at their portfolio of stocks , all big blue chips , l acknowledge use of leverage and that too is nothing new on Baystreet. My take is if these Blue Chips collapse then noone including the market  or any Money Manager or portfolio is immune from a retraction. Conclusion ,l will ignore the doom and gloom advocates and continue to make money.on my investment.
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