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 25

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Comment by navgodon Aug 25, 2023 5:04pm

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Post# 35606069

RE:NAV August 25

AnEducator wrote: $14.46. Ex-dividend, the NAV will drop to around $14.42. The premium is declining as expected, and may even dissipate entirely if it becomes clear that no dividend is forthcoming for another month.

The NAV needs to rise approximately 4.1% to achieve payment status.

Don't under estimate the cult ie those posters over at yahoo.

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