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 > NAV August 22

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Comment by flamingogoldon Aug 22, 2023 8:45pm

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Post# 35601005

RE:NAV August 22

Financials have been declining since early 2022, not just "days". No one knows when the sector turns for good, but eventually it will like tech did after an 18 month rout and many will be saying "I shoulda...". No one can time a bottom so one has to be willing to take on some short term pain to earn longer term gains.

AnEducator wrote: $14.355. Ex-dividend, the NAV drops to $14.31. The capital shares are trading at a premium of .60.

Canadian bank earnings may alter sentiment dramatically for the financials as that sector has been in a downward spiral for days.