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Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  DFNPF | T.DFN.PR.A | 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. 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
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Comment by FlintNewellon Jan 15, 2016 10:50am
409 Views
Post# 24461830

RE:RE:Dividend Announced!

RE:RE:Dividend Announced!The NAV is not an issue for DFN at this point. I'm guessing the early announcement was to try and calm the markets that DFN is still paying out (doesn't seem to have worked yet).

The fact that DFN is down more than DF today shows how irrational the market is at the moment (in my opinion).
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities