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 felix10on Nov 20, 2023 11:10pm

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Post# 35745703

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

merlinboy:
I guess you should have read the prospectus before buying shares which you didn't understand.
Not getting dividends has always been a risk for holders of the Class A shares from the day they were created. Live and learn.

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