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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 > NAV July 24
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Comment by AnEducatoron Jul 24, 2023 10:51pm
199 Views
Post# 35555283

RE:RE:NAV July 24

RE:RE:NAV July 24DFN began 2023 at $7.53, and closed today at $6.92, a loss of $0.61. It has declared and paid out $0.60 in dividends, so you would be right about break-even year to date.

DF began 2023 at $3.85, and closed today at $4.15, a gain of $0.30. Despite having paid no dividends, you would be up 7.8% year to date.

The prevailing sky-high premium on DFN and meaningful discount on DF substantially increases the likelihood of DF outperforming DFN in the future given the similarity of their portfolios. 



Larry50 wrote: DF offers better value???  If I jumped on it at under $4 14 months ago and missed all those dividends I'd be up 15 cents a share right now and still dreaming of price movement that hasn't happened in all that time.  Perhaps I'm missing something?


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