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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 > DFN share structure once again is uneven
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Post by mousermanon Feb 28, 2023 8:33am
196 Views
Post# 35309072

DFN share structure once again is uneven

DFN share structure once again is unevenSO according to stockwatch, nearly a million more commons have been issued  than preferreds since October of 2022. Less than 6 months of ATM program running.
Currently DFN preferred shares = 108,734,252
Common DFN shares =  109,642.752
Doesnt seem to take to long for DFN to be forced into an offering to level them up.
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