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Dividend 15 Split Corp T.DFN

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

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 > Very strange trading on split funds today
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Post by mousermanon Jun 01, 2021 10:32am
194 Views
Post# 33302707

Very strange trading on split funds today

Very strange trading on split funds todayWatching nearly all stocks go green today, but the split fund commons for the most part are red, even with over 90 % of the holdings going up , and some going up a lot.
DFN is one of those.
I do see some safer ones trading nearer the NAV getting buying, (LBS< FTN< SBC) so  perhaps the trend is now changing to safer , lower yielding split fund commons.
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