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

<< Previous

Bullboard Posts

Next >>

Comment by AnEducatoron Jul 12, 2023 7:52pm

249 Views

Post# 35538376

RE:RE:RE:NAV July 12

Yes, MM is correct in that Quadravest uses the 15th of every month to update their mid-month NAVs unless that day lands on a weekend, in which they use Friday's NAV instead.

Havind said that, Quadravest is notorious for waiting a few days and could conceivably wait as late as the following Friday to declare their dividends. I would expect them to wait an extra day or two at least with the NAV so close to target.