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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

Dividend 15 Split Corp
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Comment by Safetraderon Oct 24, 2019 2:50pm
75 Views
Post# 30265938

RE:RE:RE:Nature of Split Funds

RE:RE:RE:Nature of Split Funds Maybe I'm wrong. however my understanding Pref shares received dividends issued by the stocks in the portfolio. A shares received call option, portfolio capital gains or any div left over / missing from Pref.....and less commissions paid to Banks and Quadravest. The only way to beat the portfolio is to buy on A shares dips....or short when NAV gets closer to miss.
Bullboard Posts
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