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 Rovaalson Jul 20, 2020 8:32am

162 Views

Post# 31289434

RE:RE:Lates NAV just posted

bubba9 wrote: It shows a pre disbursement and post disbursement the same at $15.05. Does that mean no disbursement ???
flamingogold wrote: $15.05

https://www.quadravest.com/dfn-fund-features

It always does that for the mid month NAV update. It only shows an amount for payouts in the end of month updates because thats when the payout gets deducted from the NAV.

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