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

Dividend 15 Split Corp > DFN unit nav to Jan 11 = approx: $15.08

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Comment by AnEducatoron Jan 11, 2024 5:15pm

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Post# 35822512

RE:DFN unit nav to Jan 11 = approx: $15.08

I'm glad to note that my closing NAV of $15.08 matches yours to the penny. We have a cushion of about 0.5% to work with tomorrow. I don't think it will matter what happens next week so long as the $15.00+ is maintained by tomorrow's close.

mouserman wrote: DFN holdings bounced back a bit later in the day., but the NAV is still lower than it was on DEC 29... be interesting to see if Quadravest again fudges the date so commons can get paid.

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