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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Comment by flamingogoldon Aug 15, 2023 10:11am

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Post# 35588811

RE:DFN unit nav tanking as general markets dive.

One can hide in FFN prefs (which I hold) paying 8% and daily money market (also own and ready to deploy on opportunity as it arises) pay +4.5% and likely to go higher if the BoC pulls the trigger on another 1/4 pt.

mouserman wrote: 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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