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.

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Dividend 15 Split Corp > Dividend Returns

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Comment by Satman3on May 03, 2021 11:04am

186 Views

Post# 33113965

RE:RE:RE:RE:RE:RE:RE:RE:Dividend Returns

EdPaquette, DFN has been around since 2004 and the history, performance, and track record matters in terms of body of work over time is meaningful that makes up the 15% yield over that entire time period. But i agree i do closely monitor GDV and SBC that are worthy to consider, I looked at SBC once and do like how they been around since 2005 and missed only 4 payments back in 2007 GFC bank bailouts. I like to give GDV more time as it has only been around since 2018 and only 100 million market cap, both offering a very respectable 10% yield

But looking at DFN, I been strategically seeing it does have an advantage of giving 0.094 out of 0.1 as eligible dividends, giving DFN the tax advantaged edige to investing outside registered TFSA/RRSP accounts.

GLTA

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