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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 Jan 19, 2024 4:15pm
177 Views
Post# 35836587

RE:RE:RE:RE:RE:RE:Trimmed a bit more today

RE:RE:RE:RE:RE:RE:Trimmed a bit more today
BK has provided stable distributions somewhat like FFN prefs for instance (which I also own) but with a better opportunity for capital growth on top.
 
DFN (and DGS) are more volatile and lately are right on the threshold for paying. So depends on what you really want out of your investment. With markets near all time highs, a pullback is possible which would probably sink DFN and DGS below their threshold. I continue to hold both and trim/add (mostly on DFN). But, for more regular stable monthly distributions FFN prefs and BK are better options.

FatTraderDude01 wrote: Flamingo... I am looking at BK, it it a good time to buy now?


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