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.

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Dividend 15 Split Corp

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Post by mousermanon Mar 24, 2023 4:48pm

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Post# 35359532

OOPS , big fatfinger mistake DFN UNIT Nav= $15.13 March 24

So somehow inputted some wrong numbers.... When i went to do DF, which has the same holdings it dawned on me.
So thought i should redo the numbers. Made nearly 10 cents loss since March 15...
Last sale @ $7.36 makes the commons overvalued by $2.23 or about a 43.6 premium BEFORE distributions. I have this funny feeling ex -divvy day will be a downer for longs.

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