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 12 = approx: $14.94

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Comment by mousermanon Dec 13, 2023 9:43am

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Post# 35781874

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

Just to clarifty that a bit, UNIT NAV is the total value of the holdings plus cash in the bank. THE Preferred price plus the price of the commons is not the UNIT NAV. Back when DFN commons were at 6$ and not paying to commons, it was because the ACTUAL value of the holdings plus cash, made the value of the common shares less than 5$... because the UNIT NAV was less than 15$.
The Unit comprises one preferred and one common share, but the price of those 2 has little to do with the real value of the UNIT.

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