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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 > Bounce up on the TSX , reduced DFN
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Comment by Sugareeon May 11, 2022 5:41pm
110 Views
Post# 34675720

RE:RE:RE:Bounce up on the TSX , reduced DFN

RE:RE:RE:Bounce up on the TSX , reduced DFN I get that, i just can't understand with all the computer algorithms on sell mode all day driving stocks down, how does this fund buck the trend.

EdPaquette wrote: It's a closed end fund,  so selling price doesn't have to equal nav. 
Sugaree wrote: Question for those more in the know than me on DFN. How can it possibly go up 2.38% today when the aggregate of its holdings were all down? i.e. the NAV dropped. 

Is it buyers looking for a deal and put in market orders, or just pay up?

 




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