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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 unit nav to May 05 = approx: $15.46
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Comment by flamingogoldon May 08, 2023 4:26pm
171 Views
Post# 35437179

RE:RE:RE:DFN unit nav to May 05 = approx: $15.46

RE:RE:RE:DFN unit nav to May 05 = approx: $15.46I've been waiting for DFN to close it's outrageous premium since covid and so far has not happened. But I never short, too far above my risk tolerance.. I'll buy the extreme dips, as I did on DGS where I now hold an average in the $1.70s. It will take a good market selloff to shake loose the longs here, maybe the debt ceiling fiasco will be it or some unknown black swan event to come.

Pesyk1 wrote: I currently have 20K DFN shares purchased at an average price of $6 , DFN has almost always payed and see absolutly no reason to sell . I am sure that there are many many others in the same situation . To break it down to you in a few words .... WHY WOULD I SELL IF IT ALMOST ALWAYS PAYS . shorting something that pays so consistenly will not work out for you, as I see it . I am sure i speak for a whole lota people . 


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