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.

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Dividend 15 Split Corp > Interest rates in Canada likely to head lower.

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Comment by flamingogoldon Nov 30, 2023 2:12pm

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Post# 35761686

RE:RE:Interest rates in Canada likely to head lower.

Rates will never go back to zero where a once in a century pandemic brought them too. Those that borrowed heavily then are most at risk. Any decline will help even if its slow and steady and ends at a terminal rate of 4 over the next year. The worst fears of 1970's stagflation appear to be waning.

Tradestay wrote: What he fails to say lower rates is what put Canadian debt this high to begin with. Lowering it only add severity to the future.

Don't get me wrong as an investor I am thrilled, but Canadians had low interest rates for too long and the current generation thinks money is always free and cheap.

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