Dividend 15 Split Corp T.DFN

Alternate Symbol(s): T.DFN.PR.A | DFNPF | 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

Bullboard Posts

Post by PatFromGroveon Oct 22, 2018 10:30pm

255 Views

Post# 28852920

History repeating - hopefully

I know it is scary time for DFN, but investors may not have to panic. Looking back at almost 3 years ago, we have a similar period in January to February of 2016. The NAV went to $16.53 and 16.75 on Jan. 15 and Feb. 12 respectively. The SP closed as low as $6.90 around those few weeks. Then the NAV went back to $18 or above from March and all were forgiven. SP went back to between $10 and $11 for a long time until a month or so ago. Let hope the NAV will get back to over $18 soon, and congratulations to those who bought low!

Bullboard Posts

Revolutionizing medical imaging with nanocarbon-based contrast drugs