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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 > FED speak has traders running away today
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Comment by AnEducatoron Aug 25, 2023 12:19pm
308 Views
Post# 35605514

RE:FED speak has traders running away today

RE:FED speak has traders running away todayIt is important to note that even when DFN eventually reinstates dividends, the premium is very unlikely to balloon to anywhere near the levels we have witnessed historically for a very long time, if ever. This would be appropriate since regular dividends are unsustainable barring some significant corporate action.

The current premium is highly elevated and inexplicable when compared to other capital shares which are trading at a discount.

mouserman wrote: Financials getting hit again today, altho the lifecos are staying level, all 6 CAD banks are down..
But is also the general markets retreating again. Could be a long time until DFN pays again.


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