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 13 = approx; $15.13

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Post by mousermanon Dec 13, 2023 4:30pm

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Post# 35783108

DFN unit NAV to Dec 13 = approx; $15.13

So a big jump in nav today, and discount is going to disappear i would think. ALTHO FTN trades at a discount today, and currently has a UNIT NAV that has gained 72 cents since NOV 30 , now @$17.24.
May take a while for the big premiums to assert themselves again.
Current discount on DFN commons would be 30 cents... lots of really good value buys out there right now, if one wants to get in on santa claus rally that is coming.

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