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 Jan 07 = APPROX: $18.16

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Comment by mousermanon Jan 10, 2022 12:20pm

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Post# 34300172

RE:RE:DFN unit NAV to Jan 07 = APPROX: $18.16

I more or less take the historical averages when you stack the weightings, and it seems to work quite well. Each month i will make adjustments when the NAV is posted , after the 15th and after the monthend. If I am within a few pennies i dont change things much, as there can be options income or losses and also dividends collected.
Most of the time when my estimates are off, it is due to change in cash position, OR some of the holdings are raised higher in the weightings , while others are droppped lower.

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