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.

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Dividend 15 Split Corp

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Post by mousermanon Nov 30, 2020 11:00am

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Post# 32000208

UNIT NAV dropping as expected correction comes..

Banks/lifecoshave had a great run the past month... and so have some of the oil plays.
So not surprising the biggest losers today in DFN are SUNCOR down over 4.4%, SLF , down over 2.6% TRP down over 2%...
Suncor a small holding , one of the bottom 5 in DFN, however the others in that bottom 5 doing the best of DFN holdings. Regardless even tho one stock of the 5 is green, overall the bottom 5 are doing about as good as the rest of the portfolio because of SUNCOR.
It is early and i expect the dumping will slow as the financials bounce back.
Earnings for the big 6 banks will be reported this week.

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