Dividend 15 Split Corp T.DFN

Alternate Symbol(s): T.DFN.PR.A | DFNPF | DVSPF

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.

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Dividend 15 Split Corp > Anyone buying?

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Comment by EdPaquetteon Jul 11, 2023 4:24pm

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Post# 35536247

RE:Anyone buying?

There's still a dollar premium to deflate here. Rabnud, higher interest rates will cause houses to lose value, like 1980. I'm sure that you will be caught on the wrong side of that trade too. Mouserman my sedate sedan was rejected by motor trend but i love it.

flamingogold wrote: This one finally swooned although it may not be done just yet. Wanted to open up a position at $5.50 but bit the bullet at $5.80. Have another bid in for sub $5 to even things out if I'm wrong and one more even lower in the SHTF. I am prepared for a little pain here for awhile as this should be back to paying sooner than later.

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