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Bullboard - Stock Discussion Forum 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... see more

TSX:DFN - Post Discussion

Dividend 15 Split Corp > Normal Course Issuer Bid
View:
Post by ClydeTower on May 25, 2022 10:11am

Normal Course Issuer Bid

Good news! This will help support the stock price.
Comment by Snowsnake on May 25, 2022 11:04am
This happens every year, right? The press release notes that no purchases were made under a similar agreement last year. This is the case with all the Quadravest split share funds.
Comment by ClydeTower on May 25, 2022 11:27am
Apparently so, but better this news than an offering!
Comment by slst on May 25, 2022 3:02pm
Normal issuer bids are a safety net if we trade well below net asset value.  Buy backs in that case (at a discount) increases the NAV.  Management are reluctant to do this as it reduces the fees they earn.  Confident managment, will pounce when the units are at a discount. For splits, it does not make sense to buy back their shares at a premium to NAV.   Financings are always ...more  
Dividend 15 Split Corp
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