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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

Dividend 15 Split Corp > DFN unit nav drops to $14.55 @ Sept 06
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Comment by AnEducatoron Sep 06, 2023 4:46pm
229 Views
Post# 35622722

RE:DFN unit nav drops to $14.55 @ Sept 06

RE:DFN unit nav drops to $14.55 @ Sept 06There was a greater divergence in my August 31st calculation and the actual posted NAV, perhaps due to missed dividends or an incorrect entry. However, my numbers match yours exactly as of the close, so the fund would still have to rise by approximately 3.14% for a resumption of dividends.

As of the last update, the cash position was a lofty 17%. If the fund managers have yet to deploy the cash, they must have a truly gloomy disposition.

mouserman wrote: So spreadsheet is showing a loss of 9 cents since the month end update, IF the cash and weightings are the same.
Not too likely in this current market that DFN makes the 15$ cutline for paying to commons again.


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