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 > Only split to never surpass Feb pre-covid level

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Comment by flamingogoldon Mar 20, 2023 11:25am

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Post# 35348956

RE:RE:Only split to never surpass Feb pre-covid level

April will payout, but the bigger concern is how much will the share price correct if it misses given the enormous premium. A share price correction could quickly wipe away a years worth of dividends.

A lot will depend on the FED's next move. They are stuck in a corner, but I hope they hike a 1/4 to keep up the inflation fight. A pause is a message of concern and a 1/2 would be a killer right now. Unknown how the market will react to any of those moves but unlikely it will sit flat.

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