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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 AnEducatoron Sep 18, 2023 11:31am
231 Views
Post# 35641426

RE:RE:RE:DFN unit nav to Sept 15 = approx. $14.84

RE:RE:RE:DFN unit nav to Sept 15 = approx. $14.84People remember the enormous premium accorded to DFN compared to almost any other split share when it is paying and are hopeful that they can experience it once again. While I can see them paying dividends sporadically in the near future, I don't believe we will see such premiums again until after the extension deadline passes, if ever.

A Corporate Action event which pushes the NAV well over $15.00 could, in time, allow for the buildup of large premiums. 

mouserman wrote: Once we get the update from DFN will post a snapshot. Wont show formulas etc 
Hard to believe folks are buying this up today... gotta be a lot of MISINFORMED traders/investors out there. Majority of the stocks down today as far as DFN holdings go. Wont be a distribution again this month. Not interested in this split at this price or even a 10% discount. 
DGS a much better chance of paying some distributions in the remainder of 2023. Its getting sold off today,  with  the UNIT NAV still well above 15$.


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