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.

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Dividend 15 Split Corp > Treasury stock issue prediction

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Comment by navgodon Aug 20, 2020 6:07am

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Post# 31432183

RE:RE:Treasury stock issue prediction

IF you are long a dividend -paying splitshare,you have your NAV reduced by the amount of the dividend and that ain't insignificant .... I am trading this on the basis of its premium over NAV - a dividend that is not based on earnings or cashflow is irrelevant. I have an idea -- let's declare a special dividend of say a $1. Post dividend the NAV would drop to sub 4.50 - selling price would drop to approx 4.50 at which point I would pick up (2.50-1.00) 1.50 from current levels. My pockets feel pretty full to me!
GLTA

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