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 > Bad news if the federal Liberals get re-elected

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Post by Moneyman70on Sep 01, 2021 3:13pm

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Post# 33795622

Bad news if the federal Liberals get re-elected

Financial institutions like the Big 6 will pay a 3% surtax on earnings and they’ll also be subject to something called the Canada Recovery Dividend. In total this will soak those guys for just under $11 billion. Also the capital gains tax rate will increase to 75% from 50%.

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