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.

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Dividend 15 Split Corp

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Comment by ChazBrownon Oct 03, 2019 11:02am

138 Views

Post# 30191853

RE:RE:How to tell??

Thanks Safetrader. I didn't mean to imply there was a way to know when ahead of time, but I thought there must be some place they announce it at the time or what would be the point? If I am reading between the lines accurately, these offers are not for Joe Public, but are for institutional buyers?

TIA
CB
GL&GT

Safetrader wrote:
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.

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