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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 > OOPS fatfinger mistake DFN UNIT NAV @ $15.06 before dist.
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Comment by AnEducatoron May 27, 2023 1:14pm
201 Views
Post# 35467224

RE:RE:OOPS fatfinger mistake DFN UNIT NAV @ $15.06 before dist.

RE:RE:OOPS fatfinger mistake DFN UNIT NAV @ $15.06 before dist.I'm not certain, but I have never heard of any limits to the number of shares a broker can lend out, so long as the shares are held in a margin account. A broker cannot lend any shares held in a cash account.

A 10% limit doesn't make much sense given that we've probably all heard of stocks with short positions well in excess that. This is why meme stocks were so successful back in 2021 - the short positions in some of those names got to ridiculously high levels.

There is also a phenomenon known as synthetic shorting, but that can get confusing and is likely irrelevant for most traders.

Justreality wrote: Mouserman  appreciate your posts and AnEducators also.
Just wondering if either of you know how much DFN longs get to 
lend their shares out to the shorts.
Has to be in the 10% range but maybe you have better sources.


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