Dividend 15 Split Corp T.DFN

Alternate Symbol(s): DVSPF | T.DFN.P.A | DFNPF

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.

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Dividend 15 Split Corp > DFN is Done

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Comment by mkqtraderon Apr 23, 2024 5:53pm

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Post# 36004112

RE:DFN is Done

Moneyman70, I don't know what basis you have for your comment, we are talking about a fund that counts over $1.8B as a total value with over $220M in liquid cash...
I could understand your disappointment if you are one of those shorters who got caught by this fast turnaround and it is going to cost a full load of money just trying to fill the short position: other than that, I would not see other reasons.
Perhaps, the Board has an interest in keeping the dividend going as long as possible with the smallest number of blanks, many times this is one of the measures to evaluate a dividend paying stock.
Regarding the "ponzie scheme", as you call it, it is a common behaviour in stock trading, we all would like to buy low and sell high, don't you agree? And this fund does it, clear and sound. Whether investors like it or not to be on the opposite side is another matter and the solution is simple: do not invest in these split funds.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle