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Dividend 15 Split Corp T.DFN

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

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

Dividend 15 Split Corp > DFN unit nav to June 13 = approx: $14.86
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Post by mousermanon Jun 13, 2024 4:46pm
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Post# 36087982

DFN unit nav to June 13 = approx: $14.86

DFN unit nav to June 13 = approx: $14.86So spreadsheet  is showing a loss of 35 cents  since the MAY 31 update. Will need a huge bounce day tomorrow to make the cut for distributions. Altho with Quadravest you never know , they may try to use JUNE 12 for DFN 's nav date. DFN last trade was $5.23 , so trading at a premium of 37 cents  and now below the 15 $ THRESHHOLD  for DFN common share distributions.
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