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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

Post by mousermanon Jul 13, 2022 12:24pm
259 Views
Post# 34821129

There was the dump we were waiting for

There was the dump we were waiting forGrabbed a pile just over 7$ average today, and my spreadsheet in realtime shows a loss of 10 cents since JUNE 30th. NOt sure what the sellers were looking at ... chicken littles i suppose, thinking DFN must surely going to be dropping below the level to pay to commons. Perhaps some are confused and think this is DF.... since they hold nearly the identical stocks.
I have the NAV for commons of DFN ( not DF)  at $6.22 on my spreadsheet, and there are about  8 of the 20 holdings  that are up since JUE 30th , including the biggest holding in RBC.
Stocks appear to bouncing back here  later in the day. Good luck to longs.
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