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 > Offered @ $8.15 per Class A Share

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Comment by flamingogoldon Apr 27, 2021 8:02am

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Post# 33072888

RE:RE:RE:Offered @ $8.15 per Class A Share

Yes, I missed that.... $7.50 is very possible..

JohnWalker wrote:

flamingogold wrote: That's a stretch, FFN's current distribution is 18.8%. DFN would need to fall $2 to $6.36 which is well below its NAV. Anyone wishing to let go of their shares for those prices.... call me!

JohnWalker wrote: I might trade some FTN for some DFN. Will have to see how low it drops. If I can get better yield on DFN I will pull the trigger.

I think you misunderstood me. I was talking about FTN not FFN. But even so, it would be a stretch. My yield on the FTN I hold is 15.6%, so DFN would still have to fall to about $7.50 for me to get a 16% yield. I'll put some stink bids in but I don't get expect to get filled.