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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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Comment by navgodon Feb 28, 2023 9:13am
120 Views
Post# 35309212

RE:DFN share structure once again is uneven

RE:DFN share structure once again is unevenThis may or may not be relevant but on Feb23/23 FFN.pr.a traded huge volume ie 1 million while dropping 15 bps in price. Could have been a private placement of prefs. Quadravest should/could do a much better job on disclosure with the ATM and private placements regarding timing, price and amount. Will not hold my breath! GLTA
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