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 > Broke $6 support, going to next support around $5

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Comment by oldbrit34on Aug 18, 2023 11:03am

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Post# 35594826

RE:Broke $6 support, going to next support around $5

The Nav continues to fall and it could be some time before we are looking at a monthly payment again. If this is the case then DFN will continue to fall and $5 may be broken really easily and we could be seeing the stock between $3 and $4. Better to wait and see what happens with the overall market , that is have the clouds of uncertainty drifted away such as recession fears , interest rates increases and overall inflation.

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