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Dividend 15 Split Corp T.DFN

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

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

Comment by flamingogoldon Dec 01, 2023 5:11pm
261 Views
Post# 35764458

RE:RE:RE:NAV November 30

RE:RE:RE:NAV November 30rixpix, I believe you are sitting on a gold mine. Unless the market goes paws up, which is less and less likely now, you will be nicely rewarded. I did the same with DGS during covid, my average is now in the $1's. While it paid only 3x times this year, my annual distribution rate is still 17%. That's a pretty decent return and even better it's in a TFSA. Since timing the market is impossible, I feel I am better off waiting for it to kick in again as my returns are juicy. You will do the same here with that low $3 entry. I'm close to even on my position here, but haven't fully loaded in case it dips back into the $3's again. GL

rixpix wrote: I'm with you, shoes. 
Own a bunch @ $3.11 and haven't sold a share.

Better than money in the bank.
GL



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