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Dividend 15 Split Corp T.DFN

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

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. It 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 Oct 24, 2019 2:33pm
93 Views
Post# 30265837

RE:RE:RE:Offering

RE:RE:RE:OfferingHi Amugsgame, I don't feel share price falls just because of NAV declines. When doing those offerings if Quadravest don't provide time for share price to move back up with market they will hurt the share price.

April 1st offering: $9.05   Unit NAV 17.54, SP previous day $9.10.    Issued at $0.05 less excluding banks and Quadravest commissions.

Oct 23rd offering: $8.75 Unit NAV $17.76, SP previous day $8.91  issued at $0.16 less excluding  banks and Quadravest commissions

As per your saying share price or offering should be higher........right?
It is the 3rd offering in 2019. Not easy for banks to put it back on the street even with 4-5% commission.

The other possible issue is the fact that some people were made aware of the news prior and sold to retail investors yesterday buying back today.....???
Bullboard Posts
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