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Dividend 15 Split Corp T.DFN

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

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 Dec 15, 2023 9:43am
219 Views
Post# 35786449

Fed comments put a damper on stocks

Fed comments put a damper on stocksNote that DFN is mostly red, and maybe a good thing they announced divvies today.

S&P 500 futures weaken after Fed official quells rate-cut talk

U.S. stock index futures weakened ahead of the open on Friday after Federal Reserve Bank of New York President John Williams said the central bank isn’t really discussing cutting interest rates right now. 

On Thursday, all three indexes logged their the sixth straight session of gains. The Dow industrials DJIA rose 158.11 points, or 0.4%, to finish at 37,248.35, the S&P 500 SPX rose 0.26% to 4,719.55 and the Nasdaq Composite COMP gained 0.19% to 14,761.56.

All three U.S. indexes are headed for weekly gains of more than 2%, but the Dow industrials has logged back-to-back record closes and was headed for a third on Friday. 

Renewed appetite for stocks in the waning days of 2023 has has been fueled by this week’s Federal Reserve meeting, where officials surprised investors by indicating rates have peaked and mapped out rate cuts for 2024.

Williams’ comments, made on CNBC, put a dampener on rate-cut speculation.


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