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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 up while NAV drops more
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Comment by DennisDWBon Dec 18, 2020 1:26pm
139 Views
Post# 32140969

RE:RE:DFN up while NAV drops more

RE:RE:DFN up while NAV drops more
Just for clarification ... the Fund has 15 Holdings .. 7 of the 15 are higher as of now for the day.

I agree it is valued way higher than LBS ... But since I hold both of them I take risks when investing which most investors do. LBS is down 7 of the 10 holdings...at the end of the day they probably both change.

I just know that when COVID hit us this year all the Split Shares took a **** kicking.
But I know for one thing ... I will get 8 distributions for DFN in 2020 and only 4 for LBS.

Go figure but you just have to keep monitoring the holdings in the fund and by havings investment in both of them DFN has made more money for me

Just my two cents..... but investors should keep monitoring and investing in split share funds as we all know they are good investments.

Good Luck in 2021 with your holdings 
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