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

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Post by flamingogoldon Oct 20, 2023 2:06pm

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Post# 35693453

Cash vs. equity

I'm holding a large position in money markets and prefs. No locked in GICs though. As investments cycle out of higher risk equities into dividend paying cash instruments, the table will eventually turn again. That could happen as early as next year when the FED pauses and then reverses course, especially if we do get that recession. Some may be caught holding locked in GICs. I'm accepting a marginally lower rate in money markets for the opportunity to jump over to equities when that time arrives.

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