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. It 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 July 26 = approx: $16.75

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Comment by Sugareeon Jul 27, 2022 10:04pm

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Post# 34855767

RE:DFN unit NAV to July 26 = approx: $16.75

Are you calculating the unit nav from spreadsheet work you have, or does their website give it the way Brompton has it? I am looking but don't see it on Quadravest site

mouserman wrote: My spreadsheet has DFN gaining about 42 cents in unit nav from JULY 15 update.
Surprising big dump today, i would imagine was a forced margin sell.
Was on the way home from the lake, or would have been a buyer under 7$ today.
Premium at the close of $7.30 leaves a premium of only 55 cents before distributions. After distributions the commons would have a value of $6.60 or so. After dist. premium would be a low 10.6%.