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 Sep 18, 2019 9:43am

146 Views

Post# 30139321

Dividend Declared

2019-09-18 09:18 ET - News Release

An anonymous director reports

DIVIDEND 15 SPLIT CORP. DECLARES 186TH CONSECUTIVE MONTHLY DISTRIBUTION

Dividend 15 Split Corp. has declared its 186th consecutive monthly distribution of 10 cents for each Class A share ($1.20 annually) and 4.375 cents for each preferred share (52.5 cents annually). Distributions are payable on Oct. 10, 2019, to shareholders on record as at Sept. 30, 2019.

Since inception, Class A shareholders have received a total of $22.10 per share and preferred shareholders have received a total of $8.16 per share, inclusive of this distribution, for a combined total of $30.26.

Distribution details

Class A share: 10 cents

Preferred share: 4.375 cents

Ex dividend date: Sept. 27, 2019

Record date: Sept. 30, 2019

Payable date: Oct. 10, 2019

Bullboard Posts

How one company is disrupting PoC testing