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.

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Dividend 15 Split Corp > Stop losses getting taken out

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Comment by Kylemcc10on Sep 13, 2023 5:44pm

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Post# 35634857

RE:RE:RE:RE:Stop losses getting taken out

This fund only became intriguing at a discount. You were otherwise much further ahead buying a lifeco/ bank etf and collect 5% or a regular covered call product. Keeping an eye on this now though, can't go wrong buying actual discounted assets. Not the pretent discount people thought they were getting at $6 when it was worth $5

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