Dividend 15 Split Corp T.DFN

Alternate Symbol(s): DFNPF | T.DFN.PR.A | DVSPF

Financial Services Asset Management

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 > I rest my case

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Comment by flamingogoldon May 01, 2021 3:24pm

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Post# 33108878

RE:RE:RE:I rest my case

Add in distributions that are...

94.14% Eligible dividends
5.86% Capital gains

and 0% ROC. Can't say that about many of the splits including the steady paying fund EIT.

https://03fd212c-7b45-4409-b290-698c20089de1.filesusr.com/ugd/78f11d_639957c9c24f48e29fba3504f984aab8.pdf

PatFromGrove wrote:

birdie22 wrote: Well I think haveing the ability to raise 82 Million overnight is bullish for the stock and also will increase the liquidity of the stock which has been a concern of mine, I will now add to my holdings.
GLTA

The deal closing PR stated that the Company’s net assets is approximately $1.2 billion, compared to about 825M 2 years ago. This fund seems very solid.