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.

TSX:DFN - Post by User

Dividend 15 Split Corp > Treasury stock issue prediction

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Comment by thinkyourmoneyon Aug 25, 2020 7:55pm

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Post# 31453050

RE:Treasury stock issue prediction

No need indeed...spot on prediction navgod. However, Quadravest did drop this Offering right in the middle of the banks' earnings parade and it looks like the big 3 that are left should do well. Price is already up $.19 since your post and should get a boost over the next two days from RY, CM and TD. The offering is only of preferred shares and I couldn't find how many are offered. The dividend ex date is in there as well so that's $.155 off the nav. It will be interesting how this all sorts out.

No matter how anyone tries to play it I am sure it will all work out by the middle of next month.

I chose to hold. I will take the 19% annualized dividend I have locked in and monitor the nav hoping for another 188 of them in a row.

GLTA

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