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 > DFN completes offering - raised $20 million

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Comment by flamingogoldon Aug 26, 2020 11:08am

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Post# 31455356

RE:DFN completes offering - raised $20 million

Sweet. This capital raise will be used to buy more currently depressed financials. As financials recover, the NAV here will only increase making DFN one of the best splits out there.

GoGetter1 wrote: Dividend 15 Split Corp. (the "Company") is pleased to announce it has completed the overnight offering of 2,000,000 Preferred Shares of the Company. Total gross proceeds of the offering were $20 million, bringing the Company's net assets to approximately $848.4 million..

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