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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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Comment by Intellectualon Jul 12, 2023 11:43pm
218 Views
Post# 35538608

RE:RE:RE:RE:NAV July 12

RE:RE:RE:RE:NAV July 12Okay, so the NAVs will be updated next week to reflect the values as of Friday, July 14. However, Quadravest is likely to use a later updated value sometime next week if it conveniently results in a dividend declaration. 

AnEducator wrote: 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.

Arathoon1 wrote: Mouserman. You do mean by not rhis Friday. Next Friday?




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