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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

Comment by EdPaquetteon Jun 26, 2023 3:56pm
121 Views
Post# 35515075

RE:RE:LFE is on its way to surpass DFN

RE:RE:LFE is on its way to surpass DFN I really believe the next 3 years will go the other way with LFE paying 10x as often as DFN.
flamingogold wrote: I keep a running spreadsheet as well. Huge discount on LFE but that is for missing many months.... since covid only 5 dstributions. DFN, while bloated beyond belief has paid out 35 of them. At the present I am not a buyer of either, but would lean to LFE if it dips to lower $2's just for a cap gain play.

EdPaquette wrote: LFE nav is coming up, and will beat DFN nav soon.  I write them in a ledger twice a month, making it easier to spot trends.




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