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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Post by JohnWalkeron Aug 22, 2019 7:02pm

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Post# 30057116

Dividend Declared - No Surprises Here

Dividend 15 Split Corp. has declares its 185th consecutive monthly distribution of 10.000 cents for each Class A share ($1.20 annually) and 4.375 cents for each preferred share (52.5 cents annually). Distributions are payable Sept. 10, 2019, to shareholders on record as at Aug. 30, 2019. Since inception, Class A shareholders have received a total of $22 per share, and preferred shareholders have received a total of $8.11 per share inclusive of this distribution, for a combined total of $30.11.

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