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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

Post by AnEducatoron Jun 12, 2023 4:36pm
241 Views
Post# 35492242

NAV June 12

NAV June 12~$15.06. Not much of a move in the NAV today, as the TSX recoverd its early losses. If the NAV can hold up for the next three days, a dividend will be declared. This is the most likely outcome given the markets' resilience, in my opinion. However, tomorrow inflation numbers and the Fed's commentary on Wednesday will obviously have an impact.
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