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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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Comment by mousermanon Aug 15, 2023 10:19am
138 Views
Post# 35588837

RE:RE:DFN unit nav tanking as general markets dive.

RE:RE:DFN unit nav tanking as general markets dive.Yes I am  mostly hiding in cash and preferreds at this time. Was lucky to get out of DGS at a profit, a few days ago. Have a little LBS left tho as I view the Canadian banks and lifecos as safer than the US counterparts. Outside of 70% in cash,  i am mostly  in FFN and FTN preferreds. I think FTN has slightly  more capital gain potential, but FFN pays a higher %.
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