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 21

<< Previous

Bullboard Posts

Next >>

Post by AnEducatoron Jun 21, 2023 4:23pm

241 Views

Post# 35507898

NAV June 21

~$14.96. After the monthly dividends are paid out, the equivalent NAV will be ~$14.82.

It would take a rise of just over 1.2% to get back to $!5.00 next month, so the dividend could certainly continue to be paid for some time yet. If they miss, however, I would expect much of the current premium tovdisappear in short order.

<< Previous

Bullboard Posts

Next >>

@ the Bell: TSX advances to start off Christmas trading week