Dividend 15 Split Corp T.DFN

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

Financial Services Asset Management

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 > DFN unit NAv to Sept 24 = approx: $17.43

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Post by mousermanon Sep 26, 2021 11:38am

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Post# 33920635

DFN unit NAv to Sept 24 = approx: $17.43

My spreadsheet now has DFN losing about 10 cents since Sept.15.... as 12 of the top 15 were down in that time.
SO premium to NAV is now at 6.8% before distributions. Still a reasonable valuation if you believe there is going to be a steady move up.
BUT i am thinking markets re going to be choppy, as financials are being targetted for higher taxes..

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