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

<< Previous

Bullboard Posts

Next >>

Post by mousermanon Dec 14, 2023 4:37pm

436 Views

Post# 35785483

DFN unit nav to Dec 14 = approx: $15.18

holdings backed off a bit end of the day, and spreadheet now showing a gain of about 53 cents since NOV 30. That number pales in comparison to FTN, FFN and a few others which had a gain of well over a dollar in that same time frame. But the important thing is that the fund will pay distributions to common shareholders for December, after missing 4 months of distributions.

<< Previous

Bullboard Posts

Next >>

3 Mid-Sized Stocks to Consider This Season