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 > DFN unit nav to Dec 12 = approx: $14.94

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Comment by Larry50on Dec 12, 2023 8:59pm

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Post# 35781273

RE:DFN unit nav to Dec 12 = approx: $14.94

Clearly I don't understand how this NAV stuff works. Back in August (14th to 18th) DFN hovered in the $6.20 to $6.40 range before falling into the $5.80 range in the final days before the "no dividend" call was made. How can we now be sitting at $4.58 at the close today and speculating we might see the dividend reinstated at $4.90 or less? I would have thought there would be some consistency in the levels at which dividends are declared or missed. Any guidance would be greatly appreciated. If we are that close to having the dividend reinstated then why are we seeing the price rally stall and turnaround when we are this close?

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