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 ABP123on Apr 20, 2024 7:58am

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Post# 35999377

Sector Rotation or Oversold Bounce

I can't figure if the very recent bounce in DFN's holdings is simply an Oversold Bounce in companies such as ENB, TRP, Banks, etc. or is this a Sector Rotation out of Tech? I've have noticed that the Dow and TSX have bucked the downward trend over the past couple of days. If it is a Sector Rotation then a DFN payment miss might be short lived and only one month.

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