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

Bullboard Posts

Post by JohnWalkeron Jul 31, 2019 2:49pm

156 Views

Post# 29980730

I Can Smell Another Overnight Financing Coming

Normally after these split shares go ex-dividend there is a fairly substantial price drop for at least three days or so. This month the price barely dropped a nickel or so and seems to be heavily defended with massive amounts on the bid and more hidden in the weeds yesterday and today.

I predict an overnight financing within the next 30 days or as soon as they can stablize prices at $9+ ... I have accordingly dropped my position by half and I too will be sitting in the weeds waiting for an opportunity to reaccumulate at lower prices.

Good luck all.

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?