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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

Dividend 15 Split Corp > NAV July 12
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Post by AnEducatoron Jul 12, 2023 4:30pm
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Post# 35538122

NAV July 12

NAV July 12~$14.95. The NAV now needs to rise ~0.4% for the next dividend payment.

I finally modified some of the weightings based upon the latest June update provided by Quadravest, and it had a marginally positive effect on the NAV. CI, which is up 4.4% since the last update, now has a higher weighting than EMA, which is down 2.2% over the same time frame.


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