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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

Post by flamingogoldon Oct 19, 2023 12:56pm
182 Views
Post# 35691168

10 year rising but VIX remains low

10 year rising but VIX remains low
Despite many equities nearing annual lows, the VIX is also unusually low. Last spike was the regional bank crises, which vapourized almost as quickly as it appeared.
 
Now, we have an additional war to add to the risk of global concerns, oil hovering around $90, Powell today signalling that inflation is still too high and more work needs to be done which still leaves the door open for more rate hikes. The 10 year continuing to steam towards 5% is proof of that as the market factors in higher rates to come. This pressures equities, especially those that stopped paying (like these splits) as demand for lower risk prefs, money market, GICs suck money away.
 
Inflation will eventually reverse but not until more people lose their job and for companies to hold the line on pay raises and bonuses. We need the balance of power to shift back to the employer. If everyone gets pay raises like GM workers there is no chance of inflation ever easing.
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