Dividend 15 Split Corp T.DFN

Alternate Symbol(s): DVSPF | T.DFN.P.A | 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. 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 amugsgameon Oct 28, 2019 8:49am

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Post# 30275760

RE:RE:UNIT NAV for DFN to OCT 24 = approx 17.68

gehedan wrote: Also, ask yourself, how can any product pay out a 14% yield. You will lose capital, no doubt...just do a 10 or 15 year chart and compare it to any of the underlying syptocks. This is a mugs game

This is exactly why the splits are trading stocks. They arne't the stock you tuck away and come back to great appreciation years later. If you watch them carefully and sell on weakness in the financial markets and buy on the rebounds you'll have good monthly payments and capital gains but otherwise, at best, you'll recoup you're $$ with a nominal increase over the long term. Right now the $15 put into DFN at inception in 2004 with monthly payments and todays SP would add up to about $23 - hardly a stellar return considering that most bank stocks have gone up over 250% since then + paid dividends

PS..hey gehedan - thanks for the reference to my handle :)

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