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.

TSX:DFN - Post by User

Dividend 15 Split Corp > DFN looking like a buy, UNIT NAV to JUNE 4= $17.60

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Comment by mousermanon Jun 05, 2021 10:29am

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Post# 33335843

RE:DFN looking like a buy, UNIT NAV to JUNE 4= $17.60

mouserman wrote: Appears FN has gained about 29 cents in UNIT NAV since MAY 31, and i see reduced their cash to 8%.... which was a positive.
The premium to NAV has dropped to below 10%, appears a very good buy at these levels.

OOPS should read appears DFN has gained 29 cents.

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