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 > Worst stock ever

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Comment by Couchpiloton Sep 26, 2023 5:00pm

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Post# 35655649

RE:Worst stock ever

Look at the underlying securities. They're not performing well of late causing the nav to dip below the threshold. If you're bullish on banks, telcos, energy and financials and believe they will turn around then it's a good time to buy but nobody can tell you when you'll see a distribution. But the mindset of yield chasers will send dfn up as steeply as it has fallen. GL.

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