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Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  DFNPF | T.DFN.PR.A | DVSPF

Financial Services Asset Management
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 > Enormous Premium
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Comment by Mmb060on May 20, 2023 2:29pm
216 Views
Post# 35457883

RE:Enormous Premium

RE:Enormous PremiumDfN and GDV are my two biggest shorts.  Yes baffels me to see it trade at huge premium.
But the continual payments of distribution has put DFN even closer to non payment.  We shorters are just one downturn away from suspension of dividends.   
I think DGS is unlikely to pay many distribution going forward.  The Teck buyout offer saved them a bit of time.  
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