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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 - Short Dilemma
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Comment by mousermanon Mar 24, 2023 1:46pm
102 Views
Post# 35359047

RE:RE:RE:RE:DFN - Short Dilemma

RE:RE:RE:RE:DFN - Short DilemmaYes , IF  the UNIT NAV falls below 15$ by the middle of next month, DFN payment of distributions to common shares will be suspended. For this month they are safe, as DFN was above on March 15th, and the 15th of every month is normally the calculation date.
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