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 > My spreadsheet

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Comment by AnEducatoron Jul 11, 2023 2:54pm

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Post# 35536025

RE:RE:RE:RE:RE:My spreadsheet

Well therein lies the discrepency. Since CIX is in the top 15, I have assigned a significantly higher weighting to it than Loblaw, which has had a terrible week.

In any case, we're all forced to make assumptions so it's never going to be an exact science. I'm satisfied so long as we're within a couple of cents of the true value.

mouserman wrote: On my spreadsheet the only holding showing a positive move since JUNE 30th was CIX. If you attach a lower % to CIX and higher to the losers above, the NAV would not be higher.
I recently adjusted the spreadsheet to make the UNIT NAV make sense to my spreadsheet. The trend in many portfolios is to give a higher weighting to renewable energy like TA....and less to oil plays like SUNCOR. Dont know if i agree with that... but it is what is happening. And i noted DGS for instance has very high weightings to stocks like Dolarama, QSR, and Loblaws... so I upped Loblaws weighting in DFN as well.

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