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 > Dividend Returns

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Comment by flamingogoldon May 04, 2021 10:40am

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Post# 33123056

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Dividend Returns

I like FIE too and have owned it on and off. But the figures posted don't tell the full story. According to Blackrock's fine print
"Total return represents changes to the NAV and accounts for distributions from the fund."

That 8%/yr return is almost 40% return of capital. DFN is 0% ROC.

https://www.blackrock.com/ca/investors/en/literature/tax-information/distribution-characteristics.pdf

Safetrader wrote: Seriously, Moneyman70 was partially right. You just need to do the maths.
DFN net rerurn / year for the last 10 years was roughly 4.5%.
Cost 2011 13$ , Yield Accumulation 12$ Today share price 8$.
Be smart buy Split on offering , selling your split holdings at good Total Net Return.
Or buy and hold FIE ETF 8% /year net return over last 10 years.

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