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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 > Yes way
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Comment by flamingogoldon Jun 16, 2023 10:28am
160 Views
Post# 35500060

RE:RE:RE:RE:Yes way

RE:RE:RE:RE:Yes wayI agree, if I was manager here and it was within a few cents of the threshold it would be prudent to do whatever possible to pay the distribution. Missing a payout and the resulting outflow from the fund is detrimental and the money does not always come back especially now when zero risk daily money market funds are paying over 4% compared to almost nil for over a decade.

EdPaquette wrote: Quadravest has a history of ignoring the 15th if things change.  I say the decision date is the day they give the news release.   January 2019 FFN is another time they used a late date.  Don't count your chickens. 


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