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 > Jul 18 Estimated Common NAV @ 6.04, Premium @ 17.1%

<< Previous

Bullboard Posts

Next >>

Comment by blammo123on Jul 19, 2022 11:34am

135 Views

Post# 34834473

RE:Jul 18 Estimated Common NAV @ 6.04, Premium @ 17.1%

As of 11:30AM EST, 14 out of 15 of the stocks in DFN's portfolio are green today. Should see a further increase in the NAV. As well, they should be announcing the dividend tomorrow or Thursday. I hope you all stuck in there and didn't sell when the market over-reacted to the 1% Canada interest rate increase. I'm going to ensure that I have some powder ready for the next "over-reaction". Patience and ye will be rewarded!

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading