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 unit nav to July 21 = approx: $15.22

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Post by mousermanon Jul 21, 2023 4:30pm

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Post# 35552168

DFN unit nav to July 21 = approx: $15.22

Spreadsheet is showing a gain of 23 cents since JULY 14 , and DFN lagging most of the other split funds out there. DF gained 22 cents in the same period , only 1 penny less than DFN. With commons valued @ $5.22 the premium for DFN is about 29.8 %. Much more reasonable than the 40 to 50% premiums we were seeing last month.

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