Dividend 15 Split Corp T.DFN

Alternate Symbol(s): T.DFN.P.A | DFNPF | DVSPF

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

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Post by mousermanon Feb 21, 2024 10:13am

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Post# 35890746

Markets backing up today

Financials taking a hit and in particular the lifecos, outside of GWO.
Market really punished IAG off the getgo this morning, dropping that stock nearly 10% in the first hour of trading.. Apparently something in the report the shortsellers saw to drive the price down. Maybe the street did not believe the dividend shouldhave been hiked.. who knows for sure. I could NOT find anything major to account for the smashdown in the M, D and A. But it complicated and long AND above my pay grade.
DFN will have given some back this morning, but not nearly what LFE has lost..

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