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

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Post by wolverine99on Oct 09, 2018 12:13pm

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Post# 28766661

Weakness

Have e mailed the company to see if they have any comment, but suspect the weakness in some of the underlying securities, Canadian Bank stocks in particular are creating some short term selling. Have been in this product for some, last time it dipped like this was 2015 but that was a two day rout caused by an overall market correction. Maybe a good time to average down provided the NAV is safe, potential for some Capital Gains on a product that is mainly Dividend driven.

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