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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 > NAV June 15
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Comment by AnEducatoron Jun 15, 2023 5:18pm
191 Views
Post# 35498962

RE:RE:NAV June 15

RE:RE:NAV June 15There is no way Quadravest uses a closing NAV other than today's to determine the dividend eligibility of DFN. If the NAV was below $15.00, then they would certainly wait and hope for it to rise. The last thing they want is a plunge in their flagship fund, a perennial management fee cash cow.

EdPaquette wrote: Don't count your chickens before they hatch. Any bad news before the 19th and no dividends. 


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