Dividend 15 Split Corp T.DFN

Alternate Symbol(s): DFNPF | 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

Dividend 15 Split Corp

<< Previous

Bullboard Posts

Next >>

Post by AnEducatoron Mar 26, 2024 11:44pm

184 Views

Post# 35954579

NAV March 26

~$15.34. Premium is a lofty ~$0.35 when compared to most of the other splits shares.

My numbers are a little higher than MM's. Several holdings trade ex-dividend tomorrow morning, including TC and CM, two significant positions in DFN's portfolio. This does not necessarily mean the NAV will be any higher since we all know these stocks do often trade lower given their ex-dividend status, although futures are positive as I type.

Tomorrow morning's opening NAV will be ~$15.16, or ~1.47% above the payment threshold.

<< Previous

Bullboard Posts

Next >>

Mullen Group: Navigates market challenges towards success