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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

TSX:DFN - Post Discussion

Dividend 15 Split Corp > DFN Preferred
View:
Post by wolverine99 on Sep 09, 2023 2:49pm

DFN Preferred

The Divy and Yield on the Preferred is lagging behing behind many other Preferred shares Can this only be adjusted on the Renewal date, assuming its renewed? Thanks
Comment by Kylemcc10 on Sep 09, 2023 3:34pm
Doesn't matter if it's renewed or not you're entitled to the $10 assuming the value is still there. I'm expecting it to trade back up to $10 in the market as it gets closer. Looking at past charts of preffered's that have drifted lower. The actual process of the fund buying you out I have not done personally 
Comment by mouserman on Sep 10, 2023 9:48am
I think perhaps the prospectus is different for preferred shares  in DFN than some of the others in Quadravest.  LFE, BK, FTN, FFN have all riased the yield on the preferreds to around 8%, and quite sure it was  not on the renewal date. I think for those the rate is reviewed annually.
Comment by mouserman on Sep 10, 2023 10:00am
Last the time preferred rate changed for DFN was in  dec . 2019 So next date for renewal of the fund would be DEC 2024.  FTN 2020 rate was the same as DFN current payout of .0453  per share monthly,  until DEC 2020 and  FTN rate  was raised to   .05625  ( 5.625 cents) monthly and stayed there until  Dec of 2022 when it jumped up the current rate of ...more  
Comment by flamingogold on Sep 10, 2023 10:07am
The yield on my FFN prefs was raised last year and it was not a renewal date. They review the rate every Sept. I am hoping we see another increase again this year. https://www.quadravest.com/_files/ugd/78f11d_c0b802fc81f14165b5ac863e075616a7.pdf The termination date is Dec 1/24 https://03fd212c-7b45-4409-b290-698c20089de1.filesusr.com/ugd/78f11d_cee20f5397aa4109ac9b6f7fea8d95da.pdf
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities