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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 > DFN unit nav tanking as general markets dive.
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Post by mousermanon Aug 15, 2023 9:48am
231 Views
Post# 35588737

DFN unit nav tanking as general markets dive.

DFN unit nav tanking as general markets dive.Will be almost impossible for Quadravest to justify another distributions to commons for AUGUST... mas it looks a lot like DFN will finish down under $14.80 UNIT NAV if the market continues to correct here.. VERY red out there.  No where to hide really...
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