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.

TSX:DFN - Post by User

Dividend 15 Split Corp > DFN unit nav to DEC 6 = approx: $14.83

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Comment by AnEducatoron Dec 06, 2023 7:05pm

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Post# 35772041

RE:RE:DFN unit nav to DEC 6 = approx: $14.83

Suncor is no longer in the top 15, but is likely still held in the fund at number 16 or thereabouts.

I have the same closing NAV as MM at ~$14.83. So we are still short by ~1.21% to achieve payment status. The discount on the capital shares has plunged to just $0.27.

BillCanada wrote: I believe SU is no longer a holding in DFN.

Holdings Sorted by weight as at November 30, 2023

Royal Bank of Canada
Toronto-Dominion Bank
Manulife Financial Corp
TC Energy Corp
Sun Life Financial Inc
BCE Inc
Bank of Montreal
Thomson Reuters Corp
Canadian Imperial Bank of Commerce
Enbridge Inc
Bank of Nova Scotia
National Bank of Canada
Telus Corp
TransAlta Corp
Loblaw Companies Ltd