Dividend 15 Split Corp T.DFN

Alternate Symbol(s): T.DFN.P.A | DFNPF | 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. 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 Sep 02, 2022 6:31pm

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Post# 34939473

Quadravest updates DFN nav @ $15.97 after dist. to aug 31

So i actually had my guesstimate 4 cents high... not sure where the descrepancy was, but can be something as simple as changed cash position or options gone bad.
Since that update DFN has actually lost 2 pennies, so NAV would now be 15.95 AFTER dist. are paid.
Last sale @ 7.68 means the premium for commons is now $1.73 or about 29 %.. which must close to the HIGHEST premium of those i follow and almost exactly double that of FTN which is safer and pays a higher distribution.

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