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 > NAV @ 10:37 am

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Comment by AnEducatoron Oct 24, 2023 1:43am

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Post# 35697607

RE:RE:NAV @ 10:37 am

For anyone who believes we are anywhere close to the lows of this bear market in the TSX, the current discount to NAV offers a good entry point. Personally, I am a conservative investor so I am willing to wait for an expansion of the discount to NAV of over 10%, or about $0.40. The last calculated discount I posted was $0.29.

I believe a price of $3.20 or a little lower is possible, but below $3.00 is highly unlikely barring some unexpectedly bad news. I recognize the real possibility of missing out by waiting for a better deal, but for now, I am willing to assume that risk.

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