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.

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Dividend 15 Split Corp > Is it time to enter?

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Comment by marcroberton Oct 02, 2023 3:39pm

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Post# 35665598

RE:RE:RE:RE:RE:RE:Is it time to enter?

rollback ? are we talking about a share consolidation, like 3 for 4, that would result in a higher nav for the A shares (i.e. A nav divided by lower number of shares OS = higher nav per share; on paper?).

What's do we mean when talking anout "quadravest's financial situation"?
thanks

termination is 14 months away, long time

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