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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.


TSX:DFN - Post by User

Comment by AnEducatoron Jan 03, 2024 12:52pm
165 Views
Post# 35808960

RE:RE:Suncor Money

RE:RE:Suncor MoneyAgreed. It's important to realize also that the weighting of a holding may decline in the portfolio simply due to its performance. Quadravest may not have sold a single share of Suncor and yet it could still fall out of the top 15 holdings simply due to its underperformance compared to previously lower weighted positions such as Loblaws and Telus.

mouserman wrote: There is no evidence that DFN completely sold out of  SU... they were listed in the last documents which show the entire holdings. The last monthly report showed that SU was out of the top 15 only replaced by Loblaws.
I highly doubt that DFN has abandoned the oil sector. Today it would be one of the few nice gainers for DFN.
https://www.quadravest.com/_files/ugd/78f11d_23d95a39c10b4b948e55b71dcab35bf8.pdf


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