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 > Is it time to enter?

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Comment by navgodon Oct 02, 2023 4:21pm

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Post# 35665708

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

mouserman wrote: Their financial situation is paying out more to commons than they should be if the shares were in equal numbers. SO basically paid out a few million more $ than if the commons had the same number of shares as preferreds the past 6 months,.
Take care of the pennies and the dollars take care of themselves.

Are you saying that pref shareholders are being ripped off by the capital shares? I hope JB69 is aware if this is the case.

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