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

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Post by mousermanon Aug 18, 2023 10:10am

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Post# 35594696

Stops getting taken out and shorts are piling in

Still a big premium on DFN, which makes the short play easy.... i suspect DFN will see sub 5$ next week...no worries about having to pay the distributions on commons going forward.
Last trade @ 5.39 and already over a million shares traded.
Scotia the biggest seller, obviously had some big stops triggered.

House Positions for C:DFN from 20230818 to 20230818

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
79 CIBC	265,343	1,453,583	5.478	179,151	981,602	5.479	86,192	-471,981
1 Anonymous	260,526	1,429,617	5.487	210,396	1,156,246	5.496	50,130	-273,371
28 CI	41,666	227,980	5.472	0			41,666	-227,980
33 Canaccord	54,951	300,984	5.477	17,765	97,961	5.514	37,186	-203,023
39 Merrill Lynch	49,600	270,746	5.459	30,943	169,664	5.483	18,657	-101,082
14 Virtu ITG	19,962	110,290	5.525	4,386	24,199	5.517	15,576	-86,091
13 Instinet	8,600	47,400	5.512	2,700	14,928	5.529	5,900	-32,472
124 Questrade	18,604	102,087	5.487	13,116	72,347	5.516	5,488	-29,740
19 Desjardins	48,245	266,986	5.534	45,957	251,934	5.482	2,288	-15,052
59 PI	1,600	8,800	5.50	0			1,600	-8,800
5 Citadel	1,223	6,723	5.497	484	2,640	5.455	739	-4,083
53 Morgan Stanley	300	1,671	5.57	0			300	-1,671
84 ITG84	3	16	5.333	0			3	-16
57 Interactive	612	3,409	5.57	2,784	15,345	5.512	-2,172	11,936
68 Leede	0			5,800	31,290	5.395	-5,800	31,290
76 iA	0			6,000	33,420	5.57	-6,000	33,420
88 Credential	1,655	9,006	5.442	13,100	72,366	5.524	-11,445	63,360
80 National Bank	64,719	355,277	5.49	84,148	459,093	5.456	-19,429	103,816
9 BMO Nesbitt	13,643	74,733	5.478	51,722	282,478	5.461	-38,079	207,745
2 RBC	111,011	609,696	5.492	156,364	857,422	5.484	-45,353	247,726
7 TD Sec	264,527	1,448,434	5.476	314,135	1,719,845	5.475	-49,608	271,411
85 Scotia	26,376	142,654	5.408	114,215	627,316	5.492	-87,839	484,662
TOTAL	1,253,166	6,870,092	5.482	1,253,166	6,870,096	5.482	0	4