Dividend 15 Split Corp T.DFN

Alternate Symbol(s): DVSPF | T.DFN.PR.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. It 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 unit nav to May 9 realtime= $15.38

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Comment by mousermanon May 09, 2024 4:48pm

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Post# 36032161

RE:RE:RE:DFN unit nav to May 9 realtime= $15.38

flamingogold wrote: If I had to guess, it could be due to available funds flowing into better prospects like DF and LFE which both today have had good share price gains to close much of the gap in the discount.

ABP123 wrote: Care to guess as to why the sudden discount to NAV?

WELL, DFN ended the day with the UNIT NAV @ $15.38 , LFE UNIT NAV was at $15.31 at days end, and DF UNIT NAV was @ $15.29 . So yes of course the premium disappears when other split fund commons with a close valuation have a big discount. Last i looked both DF and LFE finished the day below 5$ share price for the commons.

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