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

Dividend 15 Split Corp > Good news today

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Comment by alkhoron Dec 15, 2023 2:12pm

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Post# 35787165

RE:Good news today

Investability00 wrote: I was saving my dividend cash and bought yesterday @ $4.98 so I am happy to hear today they will pay. I hope DGS will too.

I bought yesterday as well but I must give credit where credit is due. I bought because Mouserman and AnEducator indicated the NAV was over $15 and a dividend could be coming, which will raise the share price when declared.

What does surprise me is the dividend being declared this morning, but only for DFN and none of the other Quadravest splity funds. Normally it is closer to the 19th or 20th. Quadravest must want the share price of DFN to be higher for reasons we don't know.

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