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 > DFN unit nav to Nov 5 + approx. $ 17.98

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Nov 05, 2021 5:08pm

269 Views

Post# 34094308

DFN unit nav to Nov 5 + approx. $ 17.98

SO DFN lost a few pennies on the UNIT NAV today, but still very close to 18$ mark...
and only a 16 cent premium to NAV.... a 2% premium , not bad considering they are still paying at 14.8% yield annually and very safe at this point with nearly 3 $ safety above the 15$ threshhold

<< Previous

Bullboard Posts

Next >>

Gold vs. bitcoin, where should you invest?