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.

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Dividend 15 Split Corp > Trimmed a bit more today

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Comment by flamingogoldon Jan 17, 2024 12:51pm

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Post# 35831566

RE:RE:Trimmed a bit more today

Wow, I don't blame you for selling, I don't know how you were sleeping at night living on a knife's edge like that.

I continue to hold my DGS position (no margin), I have an average in the mid $1's and it lives in a TFSA where Chrystia can't touch me. I don't mind waiting and getting even just a few payouts, it will likely do better than me trying to time the market and flip in and out of it.

That's why I continue to hold a position here but at a half load. Most likely it pays this month but believe we are due for a pullback based on the over exhuberant market expectations on the number of rate cuts. Looking to rebuy those I sold at sub $5 but will need to wait.

Inglewood wrote: I did exactly the same yesterday, except I dumped my entire postion in DFN (35K shares @ $5.26), along with my entire positions in FTN (55K shares @ $7.61) and DGS (50K shares @ $5.11)... it was just getting too risky for me due to changing sentiment and my leverage (approx. 57% my holdings being bought on margin).

I continue to hold 15K shares of FFN, which is probably the worst of the lot to hold in the short term. I bought in last week at $4.47 when AnEducator estimated the NAV to be $14.99, gambling a divvy announcement would send it rocketing over $5. Keyword being gambling. Went the total opposite way haha. Now I'm sitting on an $8K paper loss and succumbing to the psychological fallacy of hanging on to my losers, hoping they turn around.

Overall, I still fancy FTN, FFN, DGS and DFN. I just think sentiment is turning negative and agree with Flamingo: opportunities to rebuy lower will present themselves in the coming weeks.