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.

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Dividend 15 Split Corp

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Post by mousermanon Dec 27, 2023 4:25pm

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Post# 35801764

DFN unit nav to Dec 27 = approx; $15.27

So the spreadsheet showing a gain of 32 cents after dividends are accounted for, and after distributions of about 15 cents the value of the commons would be $5.12 or so...
Still a bit of guesswork here as Quadravest weightings with % are only shown twice a year, or semi-annually. Of late there has been a lot of volatility, especially to the upside, and this can cause covered call options to get exercised. That in turn changes the weightings. Will know more early in the new year.

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