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

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Post by flamingogoldon Dec 05, 2023 11:47am

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Post# 35769165

Tight labour market weakening

While the FED and BoC have made inroads on bringing inflation down, they have yet to crack the tight labour market... perhaps until now.

More people competing for the same job puts the power back into the employer's hand. This means reduced incentives like no more signing bonus and overall lower wages. Less disposable income leads to lower GDP. Rate cuts are then implemented to stimulate the economy and prevent a freefall into recession. This latter scenario is beginning to take shape for next year. The aim of central bankers is to slow the economy and not crash it and I think they are getting there.

https://www.cnbc.com/2023/12/05/job-openings-slide-to-8point7-million-in-october-well-below-estimate.html

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