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 > DFN UNIT NAV down a few pennies BUT commons up .13

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Comment by flamingogoldon Mar 22, 2021 1:26pm

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RE:DFN UNIT NAV down a few pennies BUT commons up .13

As I said on Friday, that opening drop was a buying opportunity. DFN was on sale as the premium is only now slowly coming back to the average.

mouserman wrote: Premium getting bigger as we approach ex divvy date. 2 of top ten stocks in the fund are up and they are up very little. BCE up around 1% and Enbridge up .28%.
Overall tho NAV is flat at best.

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