Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  T.DFN.P.A | DVSPF

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

Comment by dileas48son May 03, 2021 8:57am
156 Views
Post# 33112932

RE:I rest my case

RE:I rest my case
From Investor Relations at Quadravest:

Yes, due to various moving parts such as offerings, ATM issuances, NCIB’s and retractions, shares may be temporarily uneven at times.  However please be assured the Company is required to keep the shares equal between the classes at all material times.

mouserman wrote:

Dividend 15 Split to list additional shares April 30

Dividend 15 Split Corp (C:DFN) 
Shares Issued 65,543,252
Last Close 4/28/2021 $8.06
Wednesday April 28 2021 - Prospectus Approved

The Toronto Stock Exchange reports that Dividend 15 Split Corp. will list up to an additional 3,675,000 Class A shares and 5,175,000 preferred shares at the open on April 30, 2021. According to the TSX, the listing will cover shares to be issued at $8.15 per Class A share and $10.10 per preferred share, pursuant to the terms of a prospectus supplement dated April 27, 2021.



<< Previous
Bullboard Posts
Next >>