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

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Post by mousermanon Jul 15, 2022 10:13am

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Post# 34826815

I predict big bounce for DFN when they report NAV

So next week when DFN reports the UNIT NAV over 16$, the commons will get a big bounce.
In comparison to all the other paying split funds, DFN is a bargain. LBS today would be sporting a 30% + premium and lost more than a dollar off its UNT NAV in a week.
DFN hasnt lost 30 cents since JUNE 30th......
AS i stated earlier, financial split funds saw a MUCH BIGGER drop in NAV than the diversified funds like DGS, DF and DFN..yet they carry the biggest premiums ,outside of those who are underwater more than a buck below the 15$ threshhold.

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