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 > NAV April 15

<< Previous

Bullboard Posts

Next >>

Comment by mousermanon Apr 15, 2024 6:20pm

253 Views

Post# 35990499

RE:NAV April 15

Your numbers the same as mine, and I also believe the down trend will continue and Quadravest managers will not try to sneak in another distribution in a corrective market. I know this is their market darling and basically the only split fund common to get the preferential treatment. I dont like this one, as it is almost always at a premium, likely for the ATM system selling, as it the only way to sell shares that way. IT HAS TO BE at A PREMIUM>...Best way to play this one is shorting it, not buying overvalued shares thru the "At The Market " system.

<< Previous

Bullboard Posts

Next >>

Tilray Brands launches health-conscious cannabis drinks