Dividend 15 Split Corp T.DFN

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

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 > NAV just posted

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Comment by petebrown1963on Aug 18, 2020 8:12pm

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Post# 31425875

RE:NAV just posted

Crushed it. That's three months in a row, with a growing NAV now.
You can't really count on anything though with September and October looming, and a correction needed here.
My prediction: September correction, no divvie in the months of Oct, Nov and Dec as a result, but a Santa Claus rally puts us over the bar and we start getting paid again in January. And then the dividends don't stop until the next recession in 2025 or later.
I'm going to save some pennies to buy the next dip in the next correction.

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