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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 > DFN unit nav to Sept 15 = approx. $14.84
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Post by mousermanon Sep 15, 2023 4:17pm
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Post# 35639005

DFN unit nav to Sept 15 = approx. $14.84

DFN unit nav to Sept 15 = approx. $14.84So not much of a gain on my spreadsheet as it comes out at 20 cents up since AUG 31 update.
DFN trading at 8 cent discount as the last trade was $4.75
 Over a million shares traded hands today. Unless Quadravest waits until monday and hopes for a big rebound up, there will be no distribution again this month.

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