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 > Wonder if DFN still has a lot of SUNCOR

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Post by mousermanon Mar 23, 2021 12:00pm

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Post# 32858288

Wonder if DFN still has a lot of SUNCOR

Just noting that oil price have come down a lot overnight , and the associated oil plays like SU and CNQ , that we see in some of these funds are getting sold off quite aggressively. It may be that some of that negativity is connected to the current US Biden administration which is pushing alternative green energy.
SU was at 29.05 on March 15 update.. and today is trading at 26 $.... so a loss of over 10% in a week or so.
OIL prices declined over 2.70$ a bbl last night and the USD gaining some strength again along with that , makes the loss bigger in terms of CAD$..

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