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 > Can we sell after ex-dividend date and buy other share

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Comment by flamingogoldon Jan 23, 2024 2:56pm

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Post# 35841434

RE:RE:Can we sell after ex-dividend date and buy other share

If you own shares currently and want the payout you need to own the shares until closing Jan 29. On the morning of the 30th you can sell them and you will still get the distribution..

FatTraderDude01 wrote: If you own DFN at close of Jan31st, you are entitled to the distribution, if they have been declared for that month. Watch the unit price the days after, it usually falls.... so sure you could buy south shares

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