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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

Comment by Doodlebugon Aug 02, 2022 1:43pm
178 Views
Post# 34866221

RE:RE:DFN unit to JULY monthend = approx: $16.63

RE:RE:DFN unit to JULY monthend = approx: $16.63New here as well and l for one appreciate the daily  NAV valuatons , it is a crying shame that Pile decided to not post anymore , he no disrespect seemed to be the most knowledgable , l have a sizable amount of DFN in my portfolio and l fail to understand the fear over the prospective termination date. any funds it seems have them and from my DD l can only find 4 missed payments , all in a row at the height of the early  Covid fears/ And why would Quadravest  terminate this or other of their issues , they make fees and if they did terminate at NAV values then reinstituted at a lower value , l have to assume their trust and integrity would be called into question. thats my opinion and if by the off chance they did , they wont see a nickel more of my money.
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