Dividend 15 Split Corp T.DFN

Alternate Symbol(s): DVSPF | T.DFN.P.A

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. The Company 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

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Post by mousermanon Aug 31, 2022 3:03pm

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Post# 34933302

DFN commons up a penny or 2 , unit nav down another 15 cents

So the premium grows, as today alone DFN unit nav has lost about 15 cents by my spreadsheet. The entire top 10 in the fund are down, and many by more than 1 % .
Not sure i see the reasoning in buying this for distributions that could end this fall for a few months.
DGS has a much lower premium to NAV and is also paying , but losing bigtime today. A bounce in the markets may happen after this monthend booksquaring gets done, but I dont see any split funds MORE overvalued at this time than DFN. Also quite a few out there with a lot more safety for paying to commons.

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