Dividend 15 Split Corp T.DFN

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

Financial Services Asset Management

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. It 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

Bullboard Posts

Post by charmed3timeron Aug 10, 2015 12:16pm

436 Views

Post# 24003425

What's going on here ??

This seems like it has been taking a beating here. I am getting very interested in maybe starting a small position here. Yield is now close to 11%.

I know that the rails and Canadian banks have been trading a little choppy lately, and that DFN posted a loss in the last quarter because of this choppiness, but the beatdown here, seems unjustified. DFN has survived worse periods and always maintained the same dividend since inception. The Canadian Banks and Rails are never ever going out of business, and maybe now is the time to build a position in DFN.

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