Bullboard - Stock Discussion Forum 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... see more

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TSX:DFN - Post Discussion

Dividend 15 Split Corp > NAV June 15

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Post by AnEducator on Jun 15, 2023 4:51pm

NAV June 15

~$15.14.

Dividend announcement to come next week.

If the monthly dividends were to be paid out today, the NAV would once again fall fractionally below $15.00.

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Comment by EdPaquette on Jun 15, 2023 4:59pm

Don't count your chickens before they hatch. Any bad news before the 19th and no dividends.

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Comment by AnEducator on Jun 15, 2023 5:18pm

There is no way Quadravest uses a closing NAV other than today's to determine the dividend eligibility of DFN. If the NAV was below $15.00, then they would certainly wait and hope for it to rise. The last thing they want is a plunge in their flagship fund, a perennial management fee cash cow.

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Comment by EdPaquette on Jun 15, 2023 7:09pm

They've done it before, both ways. April 2020 BK didn’t pay even though the nav was over 15 on the 15th.

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Comment by PatFromGrove on Jun 15, 2023 9:03pm

If AnEducator's number is right, i.e. ~ $15.14, there is no wat DFN is not going to pay dividend next month on July 10th. Announcement is likely on June 20th.

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Dividend 15 Split Corp