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 flamingogoldon Jul 26, 2023 11:31am

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Post# 35557755

RE:RE:NAV July 24

Some of these splits are best utilized for capital gain plays only as their rate of payout is dismal. DF, FFN and LFE come to mind, the latter usually a sell whenever it begins distributions.

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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