Dividend 15 Split Corp T.DFN

Alternate Symbol(s): DFNPF | DVSPF | T.DFN.P.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 > DFN unit nav to July 15 = APPROX: $17.48

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Comment by Moneyman70on Jul 19, 2021 4:43pm

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RE:RE:DFN unit nav to July 15 = APPROX: $17.48

2008 was arguably worse and they kept paying then. Do you know why? Because they were less exposed to the overall market but they've issued so many shares in the intevening years that they lowered the NAV to the point where it couldn't withstand the inevitable market crash. They are in an even worse position now that if the markets drop 15% they will be underwater again. And the more shares they issue to prop this up the worse it will get.

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