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.

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Dividend 15 Split Corp > Macklem says too early to discuss interest rate cuts

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Comment by ABP123on Dec 15, 2023 3:33pm

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Post# 35787355

RE:Macklem says too early to discuss interest rate cuts

Very interesting start to today. Right out of the gate all of the Big Names (many of which are in DFN's top 15) had huge opening trade volumes. I didn't think Tiff had given his speach that early. Also the Bid and Ask had huge lots pre market. I suspect today's action had a lot to do with year end book keeping and Tiff's comments just helped things along.

EIther way we have our class A payout for January and a month to hopefully keep the NAV above $15 for the next month.

Thanks for keeping us up to date on the NAV.

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Cannara reports record growth and profitability in Q4 2023