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 Rakaposhion Jun 05, 2020 1:38pm

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Post# 31117389

RE:RE:RE:RE:Big job number surprise from US

Is this the wrong time to gloat that I bought $300K of CIBC at $71 a while ago? All on margin too .. yikes! I lost about 20% of my dividend income though through all this mess. I hope most of it comes back over time. I was supposed to retire March 31st but decided to keep working ... Still, in a few years I hope all will be better.

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