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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

Dividend 15 Split Corp > Quadravest update to NOV 15 DFN UNIT NAV @$14.57
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Comment by AnEducatoron Nov 20, 2023 3:01pm
257 Views
Post# 35744966

RE:RE:RE:RE:RE:RE:RE:RE:Quadravest update to NOV 15 DFN UNIT NAV @$14.57

RE:RE:RE:RE:RE:RE:RE:RE:Quadravest update to NOV 15 DFN UNIT NAV @$14.57Yes, this is something everyone must grasp to appreciate the risks and rewards of owning the capital shares. Paying a dividend even when the threshold has been breached accelerates the eventual demise of this investment since some underlying holdings would have to be liquidated at depressed prices in order to fund distributions. This would crystallize losses and permanently impair the NAV.

mouserman wrote: Cash flow from the  holdings dividends  only pays the  distributions for preferred shares in the split fund.
The commons only get the leverage from  capital gains, of which there have been nada in 2023...


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