Dividend 15 Split Corp T.DFN

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

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Dividend 15 Split Corp > The axe falls on June 5th

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Comment by mousermanon May 21, 2024 4:30pm

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Post# 36050732

RE:The axe falls on June 5th

Good for those with loans and mortgages, for sure. Not so sure about the CAD, which hasnt been a stellar performer in the past year at any rate. Will see how far it drops... and of course imported items will see inflated prices in CAD. It may take some time for that to fully kick in tho. Altho gas prices should take too long to react.
Not sure i fully trust the numbers...

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