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

Dividend 15 Split Corp > what date to buy in to get the dividend?

<< Previous

Bullboard Posts

Next >>

Comment by mousermanon Apr 12, 2024 5:32pm

171 Views

Post# 35986760

RE:RE:what date to buy in to get the dividend?

flamingogold wrote: No distribution has been announced yet and whether it will pay is a coin toss. Quadravest could still declare one though as the NAV has been above the threshold up to now. Buying on that premise though is as close to gambling as one can get especially with a large premium already in place.

Dickey01 wrote: what date do i have to buy in at in order to get the dividend next month?

Do not think Quadravest will fudge the date back to the 111th, and geez they didnt even do the full update until then. Now of the markets were flat or up, i would say there is a chance. DFN needs to NOT pay when its below 15$ threshhold mid month and that makes the bounce back much quicker.

<< Previous

Bullboard Posts

Next >>

Canadian esports company signs Pringles partnership