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.

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Dividend 15 Split Corp > Anyone buying?

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Post by flamingogoldon Jul 11, 2023 4:16pm

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Post# 35536223

Anyone buying?

This one finally swooned although it may not be done just yet. Wanted to open up a position at $5.50 but bit the bullet at $5.80. Have another bid in for sub $5 to even things out if I'm wrong and one more even lower in the SHTF. I am prepared for a little pain here for awhile as this should be back to paying sooner than later.

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