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 > DFN unit nav to JUNE 30 = approx: $15.19 BEFORE dist.

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Comment by AnEducatoron Jun 30, 2023 4:37pm

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Post# 35522983

RE:DFN unit nav to JUNE 30 = approx: $15.19 BEFORE dist.

$15.06 is spot on with my calculation, which has accounted for all dividend income over the last two weeks.

Wishing a great weekend to all those perusing these boards.

Cheers!

mouserman wrote: So after distributions i would say its about $15.06 given there is some dividend income.
So at this point 6 cents of safety, and as everybody know, it can only go up from here....LOL
$2.05 premium works out to just over 40% premium. Down from 50% + not so long ago.
Meanwhile LCS trades at par with the commons value over a dollar higher.

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