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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 loses about 1.5 cents today =$14.63
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Comment by mousermanon Aug 16, 2023 5:08pm
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Post# 35591828

RE:RE:DFN unit nav loses about 1.5 cents today =$14.63

RE:RE:DFN unit nav loses about 1.5 cents today =$14.63I suspect we will get the midmonth update on friday, as I doubt Quadravest holds much hope of DFN getting to the 15$ threshhold  in the next few sessions. The fact that the selling is knocking down the share price faster than the UNIT NAV is sinking of late, means investors are starting to cut their losses and some are shortselling.
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