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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

Comment by JohnWalkeron May 07, 2021 11:37pm
137 Views
Post# 33158896

RE:DFN unit nav to May 7 = APPROX: 17.25

RE:DFN unit nav to May 7 = APPROX: 17.25Thanls for the excellent recap of all the main splits mouserman.

Just to add, for anybody that's interested  ... as of May 31st FFN will rejoin the list of stocks elegible for reduced margin published quarterly by IIROC. So if you are trading using a margin account you will only need 30% margin instead of 50% for FFN. All the other you mentioned are already elegible for reduced margin.

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