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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

Comment by marcroberton Jun 17, 2022 10:32am
226 Views
Post# 34764244

RE:Due for a one-two punch

RE:Due for a one-two punchhard to understand the performance, i look at 5 years and it looks like a declining asset. less volatile than the bromptons, but with the financial exposure, it should have been well above pre pandemic levels, what happened? look at SBC, went to all time highs by a huge % along with the banks to sky high prices until early this year. not so with dfn

to mention the energy exposure 

makes no sense, its like a declining asset base, with a low beta, unless the portfolio completely changed since 2018, its down 25% from there, other splits are still up 25% from there, were 50%. thant's a huge gap, and distribution is also 10 cents,
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