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.

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Dividend 15 Split Corp

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Post by bveilleuon May 19, 2021 9:34am

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Post# 33229019

Monthly Dividend Declaration for Class A & Preferred Share

TORONTO, May 19, 2021 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.04583 for each Preferred share ($0.550 annually). Distributions are payable June 10, 2021 to shareholders on record as at May 31, 2021.

Since inception Class A shareholders have received a total of $23.70 per share and Preferred shareholders have received a total of $9.07 per share inclusive of this distribution, for a combined total of $32.77.

Dividend 15 invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

Distribution Details
Class A Share (DFN)	$0.10000
Preferred Share (DFN.PR.A)	$0.04583
Ex-Dividend Date:	May 28, 2021
Record Date:	May 31, 2021
Payable Date:	June 10, 2021