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 > DFN July 7 to 17

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Comment by Eoj123on Jul 18, 2023 1:34pm

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Post# 35546389

RE:RE:DFN July 7 to 17

These are the risks in buying/owning high premium split commons

rabnud wrote:

Post by Larry50on Jul 18, 2023 1:16pm

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Post# 35546345

DFN July 7 to 17

What I don't understand is why no one is questioning how such a stable stock could close at $6.78 on Friday, July 7th, drop to $6.40 on Monday the 10th and close at $5.90 on the 11th hitting a low of $5.75 ($1.03 below July 7 close) and then jump back to $6.68 on Wednesday the 12th. Clearly there was manipulation in the movement as a greater than 10% drop in 2 days makes no sense whatsoever. And today the dividend is declared. Clearly someone made money on these moves and a lot of investors panicked and lost a ton selling in fear of further drops. Is this machine trading gone mad? I can normally find a logical explanation in pricing swings but certainly not in this case. Would be interested in hearing other theories or rationale

from what i could tell based on what i see and read there was a concentrated short going on all based on the vicious rumor the dist was being halted .