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

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Post by mousermanon Sep 19, 2022 5:48pm

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Post# 34972339

DFN unit NAV comes in @ $16.19 on Sept 15 Quadrvest update

So today was the day for the midmonth update and DFN came in 3 pennies higher than my estimate.
FTN came in 4 cents higher as well .
With the gains today DFN commons have gained 4 cents in value so would be valued @ $6.23
Premium finally starting to shrink a bit @ 18.4%
Still nearly double the premium of FTN...

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