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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
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Post by mousermanon Mar 15, 2023 7:35pm
306 Views
Post# 35341373

DFN unit nav to March 15 = approx: $15.17

DFN unit nav to March 15 = approx: $15.17So the bounce back in some holdings at the end of day helped DFN stay above the 15$ level by 17 cents.
Commons have a value of $5.17 and after distributions would be $5.03. Market looks very volatile and  skewed to the downside to me.  The last trade @ 7.40 means the premium is $2.23 or about 43% BEFORE distributions. Pretty crazy high premium for a split fund common on the bubble. 
I know everyone is thinking its all going to bounce back . Protect your downside and the upside takes care of itself.
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Dealroom for high-potential pre-IPO opportunities