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 > DFN trading at $5.06 ????

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Comment by marcroberton Apr 16, 2024 3:55pm

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Post# 35992244

RE:DFN trading at $5.06 ????

lol so all this market action is a seasonal pattern.. how about rates skyrocketing, financials are getting battered because of the us 10yr yield is flying and rate cut hopes fading by the day? you have inflation moving higher in us can, middle east war fears helping a possible market correction , this accounts for 99% of weakness in financials nd rates sensitives, and sell in may usually refers to the start of summer in June, not mid april?. this is 2024, the s&P doesmt' trade at 13x any more but 21x?

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