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 > DFN realtime NAV @approx: $ 16.62

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Post by mousermanon Jul 29, 2022 11:48am

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Post# 34860164

DFN realtime NAV @approx: $ 16.62

So DFN has gained 69 cents since the update on JULY 15, and commons now have a value of $6.62 before distributions. After dist. the commons would have a value of $6.48 or so..
Last trade at 6.35 leaves the premium @ 87 cents , or about 13.45%
Definitely the best deal as far as PREMIUM value in the paying split funds.

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