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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 > NAV October 12
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Comment by AnEducatoron Oct 12, 2023 4:33pm
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Post# 35681263

RE:NAV October 12

RE:NAV October 12Sorry, the closing NAV is ~$14.27. The closing price was $3.92.

AnEducator wrote: ~$3.92. Discount on capital shares: ~.33. Distance from payment threshold: ~5.14%.

Unexpectedly hot CPI numbers took the markets to the woodshed, but it certainily could have been much worse. Strength in the energy sector didn't help DFN all too much the given lack of significant exposure.

Tomorrow, some large U.S. financials report. The commentary, especially from the highly-regarded Jamie Dimon, will likely have a larger impact than the results themselves. DFN is loaded with the Canadian banks and will be affected.


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