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 > Crazy Premium

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Comment by flamingogoldon Oct 10, 2022 4:01pm

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Post# 35016049

RE:RE:Crazy Premium

My starter bid right now for DF is $2.83. If the floor drops out on the market though, it could easily retest low $2's.

RusticHit wrote: I would sell these Crazy Premium funds and buy DF as trading around Nav always bounce big when markets turns around as has less downside than others if DFN DGS starts missing Monthly Div. those will be down 40-50% LBS FTN SBC BK could also drop big Though DF will not pay any Div. in near term but down side is less than others IMO

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