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 > Dividend Returns

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Comment by flamingogoldon May 01, 2021 7:56pm

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Post# 33109473

RE:Dividend Returns

Maybe you weren't a buyer last year. Possibly the opportunity of a decade at least. These are high risk plays, buy them when they dip and collect the rewards on the recovery.

Moneyman70 wrote: These massive dividend returns are supplied by selling new shares which generates the cash to pay the existing shareholders. Does anybody see a potoential problem with this set up? You should see a problem because this is not a sustainable business model, eventully you'll run out of buyers and run the stock price into the ground. It's the same with ROC eventually you wind up with nothing except your own money back and a stock price worth zero.

Add in distributions that are...

94.14% Eligible dividends
5.86% Capital gains