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.

TSX:DFN - Post by User

Dividend 15 Split Corp

Bullboard Posts

Post by amugsgameon Oct 29, 2019 8:01am

179 Views

Post# 30280267

Lots of Uninformed Posting

So let me put this out there since I seem to read quite a bit of nonsense on split fund (FNN,FTN,DF) boards. Don't play with splits unless :

you actually understand what a NAV is
you know how the NAV relates to the unit price
you follow the market closely and don't see split commons as prudent long term investments
realize that the initial standard $15 "A's" are a complex product for retail suckers
you've got your own NAV spreadsheet or follow the always accurate estimates of someone like mouserman

If you get a solid grounding in how splits work you'll make money and know how to protect capital otherwise play at your own peril.