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 > ANother offering for DFN i see.

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Post by mousermanon Apr 27, 2021 12:23am

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ANother offering for DFN i see.

MAy be forced into this one again, as it is likely the number of commons now is much larger than the number of preferred shares. SO once again we may see more preferreds sold in the offering to even up the numbers again. This happens when u have an ATM program running which allows commons to be sold to investors from the treasury., rather than in the open market.
The split with the best ponzi scheme continues to go to the well.

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