Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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.


TSX:DFN - Post by User

Comment by navgodon May 30, 2024 9:13am
142 Views
Post# 36064083

RE:RE:RE:RE:RE:RE:Markets bouncing back

RE:RE:RE:RE:RE:RE:Markets bouncing backsorry too sometimes let my frustrations boil over -- now we got the dual Canadian sorrys out of the way let's discuss the {rich payouts}. Most retail investors in splitshares are here for the payouts - so-called yield pigs. I care about the payouts only to the extent it influences other investors behavour. I believe you could just sell off 1% of your holding every month and call that a 12%  annual distribution or 2% a month = 24% annually or 3....you get the idea. The only valuation metric is total return ie NAV. As for the ATMs or secondary offerings they are part of the process where the only thing that matters to Quadravest or Brompton etc is maximizing fee paying Assets Under Management (AUM). Paying rich payouts attracts investors but reduces AUM however if this results in a premium then ATM issuance can drive AUM much higher. If you can't generate premiums the managers business model comes under pressure and eventually fails. Primarily because of the competition from covered call etfs I think this where we are headed. Happy I got that off my chest! glta
<< Previous
Bullboard Posts
Next >>