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Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  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.


TSX:DFN - Post by User

Post by bveilleuon Mar 18, 2022 9:26am
167 Views
Post# 34524784

Monthly Dividend Declaration for Class A & Preferred Share

Monthly Dividend Declaration for Class A & Preferred Share

TORONTO, March 18, 2022 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.04583 for each Preferred share ($0.550 annually). Distributions are payable April 8, 2022 to shareholders on record as at March 31, 2022.

Since inception Class A shareholders have received a total of $24.70 per share and Preferred shareholders have received a total of $9.53 per share inclusive of this distribution, for a combined total of $34.23.

Dividend 15 invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

Distribution Details  
   
Class A Share (DFN) $0.10000
   
Preferred Share (DFN.PR.A) $0.04583
   
Record Date: March 31, 2022
   
Payable Date: April 8, 2022
   

 

Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.dividend15.com
info@quadravest.com


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