Dividend 15 Split Corp T.DFN

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

Dividend 15 Split Corp

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Comment by Safetraderon Jan 17, 2019 5:32pm

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Post# 29248394

RE:New shares at $8.75

Hi, I don't think it traded down $0.11 (from 8.87 to 8.76). It is probably the fact that an adjustment was done for the monthly distribution issued at closing.

I was going to buy some but decided to wait for a lower price on a Friday. Now very possible it will happen. My concern with all of those split shares is that each time they do an overnight offering, long time investors seems to lose a large part of their investment which somehow dilutes the distribution $..........the way out is to buy more each time and the difficult part is to get rid of them because of low volume.

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