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Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  DFNPF | DVSPF | T.DFN.PR.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 Clarke123on Oct 03, 2022 2:58pm
208 Views
Post# 35002233

Dividend skip?

Dividend skip?Let me put my neck out right away..  I honestly don't think that NaV was below 15 on 30th. I see it way higher. So I would be ultra shocked if dividend is skipped.


Nevertheless, I don't see much value in buying DFN here.. as premium is still high, and the risk is dividend slip is real.. if not now, then some time later.


I am surprised at how preferred has been smoked down along with spilt share. Preferred will continue to pay, and with treasury yields lower and rest of the market stronger, preferred yielding 6% with superior claim to split (thats at potential risk of skipping dividends later), preferred sounds like a much better deal for money managers compared to falling yields of fixed income.
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