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 Feb 25= approx: $ 18.26

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Comment by Sugareeon Feb 26, 2022 10:13am

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Post# 34464201

RE:DFN unit NAV to Feb 25= approx: $ 18.26

May I ask how you calculate that? Do you have a spreadsheet with the total shares of each stock in the fund, and then plug in share price?

BTW, thanks for providing the info. If one day you move on, it would be nice to know how you go about figuring out.

mouserman wrote: SO DFN spreadsheet shows a loss of 24 cents since the midmonth update, and now for the first time in a while is trading at a premium. After distributions the commons would carry a value of about $8.11... and last trade is at $ 8.42
Not that it is outrageous that DFN has a premium, as for most of those years that DFN was paying to commons consistently, they commanded premiums of up to 30%.
Perhaps we are getting back to the norm, in a world where everything happening is anything BUT normal.

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