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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

Comment by mousermanon Sep 10, 2021 10:50am
326 Views
Post# 33839627

RE:RE:Stability

RE:RE:Stability
JohnWalker wrote: To add to what I said earlier ...

todays low of $7.92 was set with only 3 trades totalling 3,800 shares. If I'm right and you see a further drop on Monday it will be on similar volumes.



With the pullback in the holdings in DFN today, it makes it more likely that  we will see more weakness and shortselling  into next week. A 5% pullback would be nice to catch... that would put the shares back at $7.75...
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