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 > Quadravest eager to payout

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Comment by mousermanon Jul 13, 2023 10:29am

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Post# 35539205

RE:Quadravest eager to payout

flamingogold wrote: There are thousands of funds out there all competing for our investment dollars. As soon as this hits the trigger point at $15.01 or higher Quadravest will be eager to close out the month and issue a distribution. As we saw recently, the less likely they can pay, the more investors will sell and worst case for the managers they may be slow to come back even if the NAV is at a premium to the price such as LFE.

Because the market can only go up now, right?

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