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 > Will DFN issue a dividend as of February 28?

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Comment by navgodon Feb 15, 2024 8:42am

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Post# 35881453

RE:RE:Will DFN issue a dividend as of February 28?

BeardPoor wrote: The bigger question is,will we find out this month if the fund will renew this year

If this a worry/question for you -- you don't know anything about splitshare closed end funds. This Quadravest's biggest fund and as long as it spins off fees to the manager it will be renewed.

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