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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

Dividend 15 Split Corp > NAV as of Sep 30th
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Post by JohnWalkeron Oct 05, 2022 12:17pm
257 Views
Post# 35006890

NAV as of Sep 30th

NAV as of Sep 30thPosted today at Quadravest website, NAV as of Sep 30th = $15.32 (so $5.32 for class A shares). Seems outrageous that premium being received is around $1.50 given that it's so close to missing dividend payment.

Full Disclosue: I am SHORT 15,000 shares at average of $7.109.

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