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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 2:27pm
199 Views
Post# 35500659

RE:RE:RE:RE:RE:RE:Yes way

RE:RE:RE:RE:RE:RE:Yes wayDFN has a decent payout history so many will hold and some that sold will come back. But, given the ludicrous premium, if this sees a couple of misses the premium could evaporate quickly leaving one with a capital loss that could easily wipe away a years worth of distributions. I like catching them going in the other direction.

CrashLanding wrote: How would there be an outflow from the fund?  The is an ETF, not a mutual fund.  Most people would just sell and possibly wait until it bottomed out before deciding whether to get back in.  It could affect future offerings though.


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