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 GoGetter1on Oct 23, 2019 5:10pm

101 Views

Post# 30261232

Also BCE & TELUS helped push it down

DFN owns both BCE and Telus in its holdings. Both were down about 4.5% today, because of the disappointing earnings report from Rogers which fell 8%. Did anyone recalculate the current NAV which includes this impact?

Bullboard Posts

BMO evolves InvestorLine with enhanced tools for options trading