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

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Post by mousermanon Jul 21, 2021 6:02pm

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Post# 33585348

DFN UNIT NAV to July 21 = approx: $17.29

So with the last trade at 8.13 , the premium is approx: 84 cents or about 11.5% ... the premium rising again, as the shakeout has prompted some split fund players to migrate towards the safer steady payers, with the lower yield, which are still very good. DFN yield now at 14.76 %, and that is nothing to sneeze at. Very decent return here, for those who want diversity, and still quite large exposure to financials.

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