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 Oct 16, 2020 4:37pm

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Post# 31732036

RE:RE:Monthly Div

mouserman wrote:

Daytrader1959 wrote: Well my calculations are that if the Den holdings close Friday where they are today then the Div 10 cents for common shares for the month will be paid. Just have to have a solid tsx day Friday.

A lot will depend on whether DFN is still holding 14% in cash... or whether they reinvested some into the beaten down blue chips. With the second wave of the pandemic in full view now,, i suspect the managers at Quadravest will be content to hang onto the cash.
Yesterday the NAV gained about 11 cents to i have the UNIT NAV right at 14.90...needs nearly a % more up , to get above 15$ mark.

Looks like DFN lost a couple cents of NAV today. My sheet (using the new August 30th holdings and share count data) is showing around 14.85.

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