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 > Monthly dividend

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Comment by PatFromGroveon Nov 13, 2020 7:47pm

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Post# 31900101

RE:RE:RE:Monthly dividend

mouserman wrote:

navgod wrote: All it has to do is hold on today.The 13th will be used for all of Quadravest funds. Dividend or no dividend still the most overvalued splitshare out there.

I had some shares in BK a few months back,( march 2020 i believe) where the NAV was above 15$ on the 15th, but Quadravest chose to use a later date instead and not pay out to commons.
They never do that for DFN... in fact sometimes have chosen a later date where the UNIT NAV reached 15$ so that they could pay commons.

It is true that BK did not use the mid month (13th) number in March to determine the div, making the only exception. It was because the bottom fell out of the market the next 2 trading days and with no end in sight. I don't blame them for playing safe.

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