Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > Quadravest eager to payout
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(811)
•••
Comment by flamingogoldon Jul 13, 2023 11:01am
195 Views
Post# 35539309

RE:RE:Quadravest eager to payout

RE:RE:Quadravest eager to payoutNot my point at all. Just reitterating that it's in Quadravest's best interest to payout and will choose an an alternate print date IF the NAV is close to the $15 threshold. We expect that target day to be tomorrow but if they are close they will wait.

mouserman wrote:
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?


<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities