Dividend 15 Split Corp T.DFN

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

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Dividend 15 Split Corp

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Comment by itsthehitmanon Apr 09, 2020 10:26am

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Post# 30893766

RE:RE:RE:RE:RE:RE:RE:RE:DFN still below March 31 UNIT NAV

IMY wife and I are the retirees you point out
We only get cpp and oap to live on
Fortunatly we are debt free and are comfortable with that income
We also own 60,000 shares of quadravest and other income providing funds.
Unfortunately only 12% of canadians are financially secure at this time.
shocking that 88% are living pay to pay and are in dire straights if they lose their job or jobs.
teaching restraint on money management is a difficult task these days .
too many people are spending on their wants and suffering on paying for their needs on a daily basis.
hopefu.ly people will learn from this epedemic that spending is not as important as saving and investing.
Glta longs

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