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 > Unbelievable! NAV as of July 14 was $14.99

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Comment by navgodon Jul 19, 2023 11:58pm

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Post# 35549189

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

Sorry meant to say DFN.pr.a as a holder btw I also own FFN.pr.a

navgod wrote: As a holder of FFN.pr.a this also pisses me off.However with only a small short in DFN it may give me a shot to add to the position so all to the good I guess but I feel Quadravest does too much of making it up as they go. GLTA

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