Dividend 15 Split Corp T.DFN

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

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 > Ex dividend day, and DFN drops below 15$ UNIT NAV

<< Previous

Bullboard Posts

Next >>

Post by mousermanon May 30, 2023 1:08pm

230 Views

Post# 35470604

Ex dividend day, and DFN drops below 15$ UNIT NAV

Very red day in the markets in North America... and DFN has only a few holdings in green numbers , and only 2 in the top ten. My spreadsheet has the UNIT NAV @ $14.99 after distributions are paid out, so commons now only have a value fo $4.99.
Premium would be an unheard of 46.5% on the commons, for a split fund commons below the level for paying. I suspect one day soon, the shorts will attack in big numbers and send the price of the commons to a MUCH smaller premium...

<< Previous

Bullboard Posts

Next >>

Morning Market Outlook for Sept. 24, 2024