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

<< Previous

Bullboard Posts

Next >>

Post by Sammy9on Aug 19, 2022 2:27pm

240 Views

Post# 34908026

Mouserman

Like some other posters l too appreciate your NAV updates as l do take it into consideration. bought a half position back in May predividend and pre market correction. Needless to say at higher evaluations than here but on the big correction in this and all stocks doubled down and reinvested the Div. As of now l am currently ahead by about 3% , granted not much but way better than the bulk of TSX stocks .l might add as well that NAV fears may be overdone. l agree if below NAV they will suspend till back above but other stocks in trying times have cut DIVS as well. Just my 2 cents .

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading