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 > offering

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Comment by Allah_says_BUYon Sep 10, 2021 9:52am

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Post# 33839275

RE:RE:RE:RE:offering

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

Yes, good old Quadravest, making sure they dilute, dilute, dilute so that they keep increasing the amount they take in fees, commissions and bonuses, even though the fund's performance is MINUS 50% since inception.

These guys might deserve their money if the fund actually went up in value once in a while.
And NO, the dividends don't make up for the non stop losses.

Their fees really do need to be tied to performance, but that wouldn't be the Bay street way.

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