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Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  T.DFN.PR.A | DVSPF | DFNPF

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 > Stability
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Comment by JohnWalkeron Sep 10, 2021 10:41am
254 Views
Post# 33839577

RE:Stability

RE:Stability
KnaveofDiamonds wrote: Do we think this is going to hold at about 7.95 or see a further sell off? 


In my experience (both with overnight offerings and on ex-dividend day) when there is a sudden drop off in prices, the second day sees a couple of cents further drop. But also usually on fairly thin volume so if you want to try to catch the bottom you have to be nimble. 

Low for today so far was $7.92 - I wouldn't be surprised to see it hit $7.89 or $7.90 on Monday, but you won't see more than a couple thousand trade hands at that price.


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