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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
Post by amugsgameon Oct 24, 2019 10:56am
144 Views
Post# 30264256

Nature of Split Funds

Nature of Split Funds After reading some of the posts here, I'd suggest those who haven't fully appraised themselves of the nature of Split Funds need to do some DD. Complaining that the shares have lost "half their value" displays a complete lack of understanding of how splits work. They can be very rewarding although also very dangerous when they drop below water. Playing both long and short on these has been very rewarding for me and I know for others but stay uninformed and you play at your own peril.     
Bullboard Posts