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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 flamingogoldon Jun 26, 2023 4:05pm
186 Views
Post# 35515094

RE:RE:Pref shares

RE:RE:Pref sharesI hear ya. Half my portfolio is in boring prefs earning around 8% and some in money market at over 4% (with no term attached) ready to get deployed incrementally if the market dips, Have a few solid winners since covid that I will not let go. SRV.UN pays me a steady 20% distribution with a cap gain cushion of 200%. DGS, while currently not paying, sits in my TSFA in the $1's and just one payout yields 6% tax free and goes up from there. Lately, my long term care holdings have been popping back as a growing tsunami retirement/elder care crises looms

amugsgame wrote: This is why I have a good amount of "pension money" parked in the split prefs and the "play money" at work long / short on the split commons  


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