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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

Dividend 15 Split Corp > DFN unit to JULY monthend = approx: $16.63
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Post by mousermanon Jul 29, 2022 5:27pm
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Post# 34861290

DFN unit to JULY monthend = approx: $16.63

DFN unit to JULY monthend = approx: $16.63So as the month drew to a close, a bit of a pullback at the days end, and DFN gained about 70 cents since the JULY 15 update.
Commons then have a value of $6.63 before distributiions, and about $6.48 after .
The premium then would be @ about  14% with the close at $6.39

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