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 > Dividend is Back

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Comment by mousermanon Nov 24, 2020 12:20pm

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Post# 31961322

RE:Dividend is Back

Daytrader1959 wrote: As we keep moving forward and more vaccines coming to the market the stock market is now past Covid and looking into 2021 so DFN holdings are all on a roll so dividend is back on track to be paid monthly. Holding 8000 share at average cost of 5.10 so a great return each month.

Yup COVID , and its devastating effect on the world economy is now magically a non-event because the hope of a successful vaccine has the markets hitting new highs.
I see ANON has been selling DFN quite aggressively,, wonder if it is a short position building again....

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Southern Ontario mineral processing operation receives green fund support