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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Post by Safetraderon Apr 06, 2019 1:48pm

110 Views

Post# 29592044

Distribution tax ratio with CRA?

Hi to all, I have a question regarding the distributions for a Non-Registered account.
I owned DFN and LBS in both some RRSP and TFSA accounts. Of course pretty well aware of what happens with the distributions for those 2 types of investment . If someone owns A shares of DFN / LBS in Non-Registered account how are considered the distributions : Dividends, Capital Gain or Interest......or a mix ratio of each?

Thanks for your feedback.......will also post on LBS

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