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 > Suncor Money

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Comment by AnEducatoron Jan 03, 2024 2:11pm

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Post# 35809156

RE:RE:RE:Suncor Money

Don't get me wrong, there is no doubt that the managers sold some Suncor given that it comprised over 5% of the portfolio in August whereas it is now, at best, the 16th largest holding. I just believe that it is highly unlikely they would have liquidated all their shares.

The portfolio may also have changed significantly in the month since the last update, so Suncor may well be back in the top 15.

JimBoSS wrote: I see your point, but they must have sold quite a bit if it has a value less than TransAlta which is around $ 21 Millon? It would be nice if Quadravest was not so secretive about the funds holdings and NAV updates.

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