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 OCt 7 = approx: $15.20

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Comment by winterishereon Oct 08, 2022 6:34pm

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Post# 35014370

RE:DFN unit NAV to OCt 7 = approx: $15.20

I've never been able to get my head around how to figure out split corps. Is there a quick and easy site that gives the basics? Thanks.

mouserman wrote: My spreadsheet has DFN losing about 12 cents since the September monthend update.
That values the commons at a lowly $5.20 with a week left until Quadravest does the calculations to determine which of the splitfund commons will get a distribution. Last trade @ $7.02 makes the premium here $1.82 and that works out to almost exacly 35 %. Likely the highest of any of the split fund commons that i follow.

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