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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

Dividend 15 Split Corp > DFN to not issue dividend in November
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Comment by Clarke123on Oct 03, 2022 7:08pm
167 Views
Post# 35002815

RE:RE:DFN to not issue dividend in November

RE:RE:DFN to not issue dividend in NovemberOk, that makes sense. Dividend is not under threat (for now).

Funnily enough, DFN traded weak all day despite strong rebound in all underlying stocks. May be because he made a mistake, or may be because someone finally took note of large premium in price.

Premium is still large.. so I will remain out of this game. I like preferred though - way better than traditional fixed income.

I estimate my own NAV on a sheet. Was sharing it here actively when I had the position, but stopped doing it for past few weeks since I got out. I messaged here in the forum, in last week of August when I was getting out at 8 handle. I also regularly recheck my NAV specifically on Quadravest's reported days, and so I continuously tweak my calculations to make a best fit model. I am normally within 5-10 cents of actually report number - generally on the higher side, except when they do offering.
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