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 > Exuberant buying on DFN

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Post by mousermanon Dec 17, 2020 11:15am

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Post# 32128093

Exuberant buying on DFN

Not sure what would be the driver, but its not the top 10 stocks in the fund, i now have the TOP 9 all down, and the only one in the top 10 up is TRI and it was listed at 10th in the weightings.
Hard to figure the 2.5% bump up..... when the NAV is dropping by at east 5 cents...

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