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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 > How many more overnight offering this year?
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Post by Moneyman70on May 09, 2021 8:13pm
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Post# 33162723

How many more overnight offering this year?

How many more overnight offering this year?
So there's been TWO overnight offerings already htis year in the first four months. I'm guessing Quadravest will have two more this year as long as the markets stay up. A few years ago there were three overnights in one year and they need to keep the coffers topped up with cash to  pay off the existing shareholders. Share price and NAV will continue to erode over time because they can't keep this ponzi machine running forever.
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