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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

Post by mousermanon Nov 19, 2023 8:36am
393 Views
Post# 35743133

Quadravest update to NOV 15 DFN UNIT NAV @$14.57

Quadravest update to NOV 15 DFN UNIT NAV @$14.57So the UNIT NAV came in a bit lower than our estimates  and needs to gain 42 cents by the mid december date  to pay to commons. I doubt we will see a continued bull run next month that would be a strong as what we have witnessed in the past few weeks. The markets of late have BEEN very unpredictable and very attached to the FED speak and  media reports on the economy. Not sure how trustworthy the data is. Oil prices decline had more to do with the inflation holding near lows than anything the FED has done.
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