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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 Vesta63on Jul 11, 2023 11:27am
162 Views
Post# 35535483

RE:RE:RE:RE:RE:NAV July 10

RE:RE:RE:RE:RE:NAV July 10Sorry to hear about your Reit holdings downturn. It would make anyone bitter, but that is the market. You are probably a young investor and haven't experience long term upside and downs of the market and the economy. Current interest rates are not even historically high, 6 to 7% is normalized. In the early 1980s when I graduated from college, interest rates were 21 to 22%, many many businesses folded, people lost homes and very high unemployment. My mortgage late 80s was 13%. Was glad to pay 7.5% 10 years later. Inflation had to be brought under control to achieve lower interest rate, any economist basic knowledge. Good luck.
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