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 > Unbelievable! NAV as of July 14 was $14.99

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Comment by AnEducatoron Jul 19, 2023 12:56pm

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Post# 35548247

RE:RE:Unbelievable! NAV as of July 14 was $14.99

Yes, very interesting that they revised the date! The dividend was announced yesterday morning, obviously before the closing NAV could be determined. Moreover, Quadravest initially stated the July 13th NAV but conveniently changed that to July 18th after the positive close yesterday.