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 > offering

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Comment by flamingogoldon Sep 09, 2021 7:57pm

217 Views

Post# 33838028

RE:RE:RE:RE:offering

My only question is why announce this early into the month? Better to announce just before divy announcement, that would help stabilize the price. Either way, the sale tomorrow should be a sellout. The premium is already dirt cheap here.

EdPaquette wrote: Everyone will be flush with cash, smart timing by quadravest.

flamingogold wrote: The dip will likely get bought as many will try to grab this one for cheap. The current premium is a bargoon.

JohnWalker wrote: I'm counting on it. Will sell some FTN to buy some DFN ... it will give me about 1% more yield.