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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. 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

Comment by mousermanon May 25, 2024 7:32pm
149 Views
Post# 36057651

RE:RE:RE:RE:Markets bouncing back

RE:RE:RE:RE:Markets bouncing back
saddlerack wrote: It seems pretty clear to me that DFN is managed a whole lot better than DF.  They use leverage and covered calls to enhance yield and DFN seems to get it right and DF doesn't.  History may be for losers but it sure shows which of these 2 funds is the loser.  I don't love DFN but I do like the reliable juicy dividend each month.  

Same management for both, DFN was the first  split fund, and did so well  that  much later on they created DF ll,  with the same holdings but  DF didnt get all the offerings done at big premium  to NAV.. which is kind of like a ponzi setup. Even now Quadravest  can sell shares of DFN  out of the treasury  (thru the ATM program) ,when its a signifcant premium, something that DF never sees.  
So go ahead and buy DFN at a premium and then watch it continue the pattern down...especially once they are forced to hike the yield on the preferreds this fall, to get in line with the likes of FTN, FFN, BK and LFE...
Dont say i didnt warn ya...
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