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 > DFN unit NAV to Nov 26 = APPROX. 15.79

<< Previous

Bullboard Posts

Next >>

Comment by bubba9on Nov 29, 2020 6:14pm

186 Views

Post# 31997649

RE:RE:RE:DFN unit NAV to Nov 26 = APPROX. 15.79

May sound odd but it is the non-diversification and concentration on FIs that draws me to this fund. Div is a bonus. Banks will lead the recovery...

mouserman wrote:

petebrown1963 wrote: The problem with LBS is the poor diversification compared to DFN. It is banks and lifecos only. That is too much interest-rate related risk for most investors. DFN is more diversified and less tied to rates. This explains the historical difference in premium to NAV between the two.

You do know that the biggest moves in DFN the past month have been the banks/lifecos?
Without those , DFN would be right at the threshhold for paying.
To each his own, but i would buy LBS at a discount to NAV, with the UNIT NAV at 16.98...as compared to buying DFN at a huge 20% premium with a UNIT NAV around 15.79