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.

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Dividend 15 Split Corp > DFN unit nav in realtime + approx: $14.25 before dist

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Post by mousermanon Nov 02, 2023 2:10pm

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Post# 35714127

DFN unit nav in realtime + approx: $14.25 before dist

So a nice 41 cent gain , since OCT 31 , before dist at this moment in time. HUGE gains in both the US and CAD stock exchanges. Likely from the signal that rate cuts could be coming next year. Inverted bond yields were suggesting that...
Commons would have a value of about 4.20 after dist , so still a nice discount , even after the big jump up since oct 31... last sale i saw was @$3.91 on the commons , daily gain of 12.36%.

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