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Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  DVSPF | T.DFN.PR.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 > Apologies - NAV
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Comment by AnEducatoron Jul 10, 2023 8:56pm
99 Views
Post# 35534668

RE:RE:Apologies - NAV

RE:RE:Apologies - NAVYou're correct. The two stocks trading ex-div were TD (July 7) and BNS.(July 3). 

mouserman wrote:
AnEducator wrote: I incorrectly posted the NAV for DGS earlier. The NAV for July 10 that I have is ~$14.84, six cents higher than MM's calculations. i will attempt to account for the discrepency if possible. There have only been two holdings trading ex-dividend since June 30th: SLF and BNS.

Stockwatch shows ex divvy date as MAY 30 for SLF and the payable date on JUNE 30th.  Not sure how Quadravest handles those dividends, but I was always under the impression they were accounted for on the date of payment . Should have been included in the month-end numbers.



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