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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

Comment by mousermanon Sep 07, 2023 5:40pm
136 Views
Post# 35625092

RE:RE:RE:Huge short position cut in half during second half of Aug.

RE:RE:RE:Huge short position cut in half during second half of Aug.
navgod wrote:
mouserman wrote: Ah yes, I think some were perhaps convinced in late AUG that things has turned around. 
Doesnt really seem that way to me... today DFN would be flat at best.
Here is stockwtch short postion going back to JUNE.
Short Positions for DFN
Symbol Report Date Volume Change Shares Issued % Float
T : DFN 2023-08-31 687,911 -850,113 121,014,252 0.57
T : DFN 2023-08-15 1,538,024 -79,865 120,346,952 1.28
T : DFN 2023-07-31 1,617,889 188,369 120,346,952 1.34
T : DFN 2023-07-15 1,429,520 115,566 120,346,952 1.19
T : DFN 2023-06-30 1,313,954 205,363 120,012,152 1.09
T : DFN 2023-06-15 1,108,591 393,158 118,909,752 0.93


The other interesting info in this report is that Quadravest used the ATM to issue 650,000 shares during the last two weeks of Aug. -- talk about gonads! 

Yup that is the ATM at work, if dumvestors want big lots of shares at a 35% premium in a split fund common below the level for paying in a down market then by all means load them up...lol
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