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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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Comment by Moneyman70on May 09, 2021 10:54pm
199 Views
Post# 33162993

RE:RE:How many more overnight offering this year?

RE:RE:How many more overnight offering this year?
SBC is 90% top 5 Canadian banks which are all overexposed to residential real estate. When interest rates rise then real estate will drop. Canadian banks are at a risk here. Also the overall stock market would drop (the markets are hugely overbought now) as well so I can't see this "rise" you are talking about.

FTN was reorganized late 2020 because it was sucking so badly. So more financial chicanery by Quadravest to keep the value up.

Any fund or stock that needs to continually release more shares to top up their treasury to pay the existiing shareholders with funds from new buyers is a ponzi.
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