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 UNI NAV in realtime @ $15.21

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Comment by NoShoesNoShirton Dec 14, 2023 12:58pm

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Post# 35784846

RE:DFN UNI NAV in realtime @ $15.21

mouserman wrote: So DFN doing a lot better than DGS today... looks like a lock to get distributions for December.
Trading at a much lower discount today, now only about 15 cents or so.

DFN has the right stuff this week. DGS not so much, but DGS has to overcome paying 2 layers of fees because of BDIV. Designed to make Brompton rich, not you.

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They started in video game investing, now they serve high net worth traders