Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by mousermanon Feb 28, 2023 8:21am
115 Views
Post# 35309038

RE:RE:RE:RE:DFN commons bid up as UNIT NAV approaches sub 16$ level...

RE:RE:RE:RE:DFN commons bid up as UNIT NAV approaches sub 16$ level...DFN last offering in September was done while the ATM PROGRAM WAS RUNNING.  Sold more than twice as many preferreds in the offering to level up the number of shares . Preferreds and commons are supposed to be kept at close to an even number of shares .

Dividend 15 Split Corp
Symbol DFN
Shares Issued 98,721,552
Close 2022-09-16 C$ 7.45
Recent Sedar Documents

 

Dividend 15 Split to list additional shares Sept. 20

 

2022-09-16 16:13 ET - Prospectus Approved

 

The Toronto Stock Exchange reports that Dividend 15 Split Corp. will list up to an additional 2.23 million Class A shares and 4.61 million preferred shares at the open on Sept. 20, 2022. According to the TSX, the listing will cover shares to be issued at $7.75 per Class A share and $9.65 per preferred share, pursuant to the terms of a prospectus supplement dated Sept. 13, 2022.


Dividend 15 Split Corp
Symbol DFN
Shares Issued 98,721,552
Close 2022-09-16 C$ 7.45
Recent Sedar Documents

 

Dividend 15 Split to list additional shares Sept. 20

 

2022-09-16 16:13 ET - Prospectus Approved

 

The Toronto Stock Exchange reports that Dividend 15 Split Corp. will list up to an additional 2.23 million Class A shares and 4.61 million preferred shares at the open on Sept. 20, 2022. According to the TSX, the listing will cover shares to be issued at $7.75 per Class A share and $9.65 per preferred share, pursuant to the terms of a prospectus supplement dated Sept. 13, 2022.

<< Previous
Bullboard Posts
Next >>