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 3:40pm

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Post# 32851850

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

Post covid could really surprise us all. Who would have thought real estate would go up 10%/mth... 2x4 lumber over $10. Inflation is knocking on the door and the Fed is ok to let things heat up for now as long as the jobless rate is high.

navgod wrote:

flamingogold wrote: 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.

From buying opprotunity to short candidate in less than two trading sessions! None of the split shares are going back to their pre covide premium levels any time soon if ever. Quadravest and Brompton are desperate to reopen any issue they can -- any holding that exceeds 10-15% is going to get hit with a new issue like a game of wack-a-mole.