Bullboard - Stock Discussion Forum 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... see more

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TSX:DFN - Post Discussion

Dividend 15 Split Corp > DFN completes offering - raised $20 million

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Post by GoGetter1 on Aug 26, 2020 10:14am

DFN completes offering - raised $20 million

Dividend 15 Split Corp. (the "Company") is pleased to announce it has completed the overnight offering of 2,000,000 Preferred Shares of the Company. Total gross proceeds of the offering were $20 million, bringing the Company's net assets to approximately $848.4 million..

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Comment by flamingogold on Aug 26, 2020 11:08am

Sweet. This capital raise will be used to buy more currently depressed financials. As financials recover, the NAV here will only increase making DFN one of the best splits out there.

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Dividend 15 Split Corp