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 > Time to buy!

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Post by Clarke123on Oct 16, 2023 12:27pm

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Post# 35685556

Time to buy!

So, we are few percentage points away from dividend right? Until then, the drag in cash flows is lower anyway.

and we are getting about 1 to 1.5% move higher today in underlying. So another few percentage points and dividend kicks in? And the common split has to cover how much of under valuation.. like 15 or 20%? Sounds asymmetric risk here. Only a 3-4% move higher in underlying will bring 20-30% (or more) move in common split.

Time to buy!!

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle