Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Bullboard Posts
Comment by Safetraderon Oct 03, 2019 6:39am
172 Views
Post# 30190880

RE:How to tell??

RE:How to tell??
WOW .........if we would know that, all people on this board would be happy ( They would sell prior  to the announcement and buy next day). Ounce announcement comes out for overnight offering, you can't sell anymore ( transactions are stop till next morning). Since both Brompton and Quadravest don't do this on any specific month or timing, you can't predict. Of course following morning you can buy shares from your broker (RBC) like you normally do. If market is steady you can be able to buy some at -5% or so. . You can check news for previous offering dates and what was the reaction on following days on a chart.They normally do offering when price / market is upwards so they can get a better buy-in from  banks that will put them in the market. Presently Mr Market itself provides lower prices but who knows if it won't get better.
Bullboard Posts