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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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(78)
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Comment by thinkyourmoneyon Aug 25, 2020 7:55pm
178 Views
Post# 31453050

RE:Treasury stock issue prediction

RE:Treasury stock issue predictionNo need indeed...spot on prediction navgod.  However, Quadravest did drop this Offering right in the middle of the banks' earnings parade and it looks like the big 3 that are left should do well.  Price is already up $.19 since your post and should get a boost over the next two days from RY, CM and TD.  The offering is only of preferred shares and I couldn't find how many are offered.  The dividend ex date is in there as well so that's $.155 off the nav. It will be interesting how this all sorts out.

No matter how anyone tries to play it I am sure it will all work out by the middle of next month.

I chose to hold.  I will take the 19% annualized dividend I have locked in and monitor the nav hoping for another 188 of them in a row.

GLTA

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