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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

Comment by AnEducatoron Aug 18, 2023 7:18pm
373 Views
Post# 35595797

RE:RE:Huge volume selloff on DFN

RE:RE:Huge volume selloff on DFNWhy do you believe the selloff was overdone when the price should never have been so high in the first place? Why should an investor pay $6.00 for a stock whose true value is only $4.47 and is no longer able to pay dividends on a regular basis?

I would argue those paying $5.20 for a non-yielding security which is only worth $4.47 is extremely high unless they believe the portfolio is not only going to rise by at least 3.7% in one month, but will exceed historical returns on an almost perpetual basis.

Do you believe that is a realistic expectation?. 

TMAZZ21 wrote: Dont you think the sell off was a bit over done!
Really still the same holdings as 2 weeks ago, wow they will miss a dividend and the stock funds get cut 50%.

Surely the holding didn't all drop 50% 
Insane rationale out there, or is it that follow the herd mentally.

There's no reason why these holdings should be trading at this price!
Wait don't tell me it's the NAV....etc


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