Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Silvercorp to Acquire Adventus Creating a Diversified Mining Company (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > DFN unit NAV to AUg 11 = approx: $16.60
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(711)
•••
Comment by flamingogoldon Aug 12, 2022 10:00am
124 Views
Post# 34891116

RE:DFN unit NAV to AUg 11 = approx: $16.60

RE:DFN unit NAV to AUg 11 = approx: $16.60DFN is on the "A" list so to speak when it comes to distributions. The premium is high now but if history is our guide, this is only because investors are willing to pay up today for that "guaranteed" distribution and in time that premium will come back in line as the NAV climbs on the heels of this market comeback.

mouserman wrote: So now showing a gain of 6 cents since JULY 29 with DFN... nice bounce back in the banks and many of the other holdings.  commons now have a value of $6.60
However DFN has become one of the most expensive of the split fund commons from Quadravest that i watch. At least amongst those that pay distributions. With the close today @$ 7.78 the premium now is at $1.18. or 17.87%
 


<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities