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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

Dividend 15 Split Corp > Is it time to enter?
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Comment by navgodon Sep 30, 2023 5:12pm
195 Views
Post# 35663512

RE:RE:RE:RE:RE:RE:Is it time to enter?

RE:RE:RE:RE:RE:RE:Is it time to enter?
tinkvid wrote: Anyone know what the % is between pref shares outstanding vs Class A shares outstanding and when they have rollback the Class A . I think they have to rollback the Class A once the differential exceeds a certain percentage?

Don't know about any % requirement  but the diff has shrunk from 3.3m to 1.9m since mid aug. Would love to see them buy back some Class A as they now trade at discount but not holding my breath. GLTA

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