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 unit NAV to MArch 23= approx: 16.89

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Comment by mousermanon Mar 25, 2021 8:02pm

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Post# 32883573

RE:RE:RE:RE:RE:RE:RE:DFN unit NAV to MArch 23= approx: 16.89

DFN is resilient because they are about the biggest split fund, having done more offerings at prices much, much higher than todays. It has the ponzi effect, where new shareholders buying at market tops are supporting the continued distribution payouts....

slst wrote:
Thats a lot of ifs. Diversification comes into play when some holdings drop and other do the opposite.....Hopefully, if Banks do come down (hope they don't, the other holdings will cushion the blow. With DFN, history has shown that, making DFN more resilient

Telecoms stand to benefit from the 5G advances.
Pipelines, are also not fully recovered.
Even CI financial, is trading a discount.

There is good stuff in this basket....Worth the Premium? Maybe so......I have some.
Not contradicting....Just saying.....