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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 June 09 = approx: $15.06
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Post by mousermanon Jun 09, 2023 4:16pm
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Post# 35489214

DFN unit nav to June 09 = approx: $15.06

DFN unit nav to June 09 = approx: $15.06So adjusted the numbers to reflect the higher cash position in DFN unit ( 19%) at May 31.
I added in a couple of pennies for dividednds collected and spreadsheet comes out with a 18 cent gain since MAY 31 update. ( UNIT NAV @ $14.86)
The premium still at $2.12 or about  41.9%. 
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