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SLAM DRILLS MORE COPPER MINERALIZATION AT GOODWIN (click to learn more)
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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 > AND an earlier offering in DFN of ONLY Preferred shares
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Comment by Safetraderon Apr 28, 2021 9:43am
1077 Views
Post# 33081497

RE:AND an earlier offering in DFN of ONLY Preferred shares

RE:AND an earlier offering in DFN of ONLY Preferred sharesAs per below 1/year possible retraction.
A lot more agents (banks) hold their pref versus common. (I guess more secured) 
Retail investors are more inclined to go for high yield (A)

ATM isn't sold to agents(banks) as they can buy them in offering with a discount. 5% on A and maybe 1-2% on Pref from announced prices.

I guess QV are selling on ATM shares to help balance the mix A versus Pref.

I use my DFN pref. as the fix income portion of my portfolio. The share price doesn't move much but return is steady and 10$ can be retracted similar to a GIC at 5% that for which there is no fix term.

https://www.quadravest.com/copy-of-about-quadravest
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