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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Comment by wolverine99on Dec 14, 2018 12:43pm

173 Views

Post# 29116625

RE:RE:Share Price

I don't believe so, went back and looked at historical share prices back to 2007, the SP went down to low $6, Div. was safe. Yes I understand the Div. payout is NAV based, but there is a relative correlation to the SP . This stock has been around almost 15 years and never missed a Div. so consistency is on our side. NAV was $17.31 at Nov. 30, we have some breathing room.

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