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 in realtime @$14.36 before dist.

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Comment by EdPaquetteon Aug 22, 2023 11:47am

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Post# 35599933

RE:RE:RE:RE:RE:DFN unit nav in realtime @$14.36 before dist.

EdPaquette wrote:
cunni1965 wrote: So at current price pref and class a we are basically at NAV - no premium . The max for the pref is 10 so a 5 % up move in underlying is needed here for a premium to start kicking in .? Oh and do you think they extend this Dec 1 termination ?
no the pref nav is always 10. Unit nav must rise about 65 cents to pay.

I should have also said it's a closed end fund so selling price is not nav. And yes it is 99.999999% sure to renew.

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