RE:Valuation date"Please note monthly dividends may be declared at any time using any NAV" The indisputable implication of this statement is enormous: If the NAV on August 5th, for instance, meets the dividend threshold, it is possible that the portfolio performance for following 10 days won't matter.
Mmb060 wrote: Here is a post from Vlad on Yahoo chat that all holders should know !!!
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I asked Quadravest about their dividend decision, and this is their response: “Please note monthly dividends may be declared at any time using any NAV, as long as they are declared prior to the TSX deadline which is five trading days before the record date. The July 13, 2023 NAV of $15.01 was used to determine the July 31, 2023 record date dividend declared for the DFN Class A shares.” Bold emphasis is mine. I reminded them of the policy in the prospectus, so their response implies any policy in the prospectus can be overridden at will. This means there is virtually no dividend threshold for DFN, and dividend threshold for other Quadravest funds is also doubtful. BTW, if anyone is wondering why the Jul 17 NAV wasn’t chosen — it is the same as the Jul 14 NAV.