Dividend 15 Split Corp T.DFN

Alternate Symbol(s): T.DFN.PR.A | DFNPF | 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

Dividend 15 Split Corp > DFN unit nav to May 31 = approx: $ 17.43

<< Previous

Bullboard Posts

Next >>

Comment by EdPaquetteon Jun 01, 2021 8:01am

155 Views

Post# 33301713

RE:DFN unit nav to May 31 = approx: $ 17.43

This upside down situation of premiums on weak payers and discounts for the strong ones is to do with expectations. There's going to be a panic to switch to the strong ones if expectations go down.

mouserman wrote: SO only managed a gain in the UNIT NAV of .12 since the mid month update, and so after distributions the commons value would be approx:7.28.
So over a dollar premium to NAV after dist. , but the premium at 14.7% is low by historical standards. Altho in years past safer split funds commons got a bigger premium than the risky ones that are nearing going under the threshhold for paying to commons. Not so at this point in time.

<< Previous

Bullboard Posts

Next >>

Silver Range Resources: A hidden gem in the mining industry