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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 AnEducatoron Jul 11, 2023 11:40am
199 Views
Post# 35535516

RE:My spreadsheet

RE:My spreadsheetThe discrepency seems to lie in the weightings we have assigned to the holdings, the true values of which is unknown to either of us. My weightings are a little more evenly dispersed after RY, and I've assumed DFN no longer holds AGF or X as an example. AGF as of the last quarterly disclosure was only 0.6% and X was only 0.3%, and this was a long time ago. My assumption is they are now zero weightings, and removing AGF alone potentially accounts for a difference of a penny to our calculations since it had a particularly bad week.

If we account for the two holdings trading ex-dividend, our numbers are much closer :)
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