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 Apr 19, 2019 6:12am

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Post# 29648279

RE:One year comparison of NAV and stock price

Yep...... that is what I don't like about those split shares. Nice to have smaller premium...but if you bought at $10.47 and now worth $ 8.77 +$1.20 dist. for past year, it means you are under by $0.50 for each share.

The best is to hold for long time or always buy a dip that will lower your cost. Personnaly I buy those split shares with money I won't need in the next 3 years or more. This way enough time to get distributions that will offset the "Overnight Offering" or market price reset.

I own some DFN,LBS,DGS,LCS with stock prices at profit from 5 to40%. The stock prices moves up pretty fast in positive market but drops even faster when market goes south.

Pretty funny, when I look at my history with those split shares.......I started buying 2000 LBS. Today I own 8000 at +10% stock price because I bought dips to keep my investment positive. Brompton and Quadravest have a great system to keep us addictive.....lol.......the only issue: because of the daily volume you need to plan getting out slowly.
GLTA

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