Dividend 15 Split Corp T.DFN

Alternate Symbol(s): DVSPF | T.DFN.P.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 > DFN unit NAV to Sept. 30 @ approx: $17.32 before dist.

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Post by mousermanon Oct 01, 2021 10:21am

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Post# 33951848

DFN unit NAV to Sept. 30 @ approx: $17.32 before dist.

My guesstimate spreadsheet has the UNIT NAV losing about 21 cents since sept 15...
as only 2 stocks in the top 15 were up, TD and TA.
Biggest decliners / losers were TRI and CM.
Premium to NAV after distributions is about 9.5%

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