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Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  DFNPF | T.DFN.PR.A | DVSPF

Financial Services Asset Management
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 AUg 09 = approx: $14.84
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Comment by AnEducatoron Aug 09, 2023 4:44pm
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Post# 35580403

RE:DFN unit nav to AUg 09 = approx: $14.84

RE:DFN unit nav to AUg 09 = approx: $14.84My number matches yours, MM.

We still need a rally of over 1% to save those who are long, but the markets are showing signs of exhaustion so I would not count on it happening.

mouserman wrote: SO THE NEWLY UPDATED  spreadsheet is showing a loss of about 14 cents since the update JULY 31..
Commons now would have a value of  $4.84 , which means the premium has dropped to about $1.34 or about  27.6 %. Would be reasonable if the commons were at a level where they would be getting distributions.


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