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 in realtime = approx; $15.04

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Comment by flamingogoldon Jan 11, 2024 7:16pm

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Post# 35822705

RE:RE:RE:DFN unit NAV in realtime = approx; $15.04

I suppose it's fine since you're living there for part of the year you can fund your retirement. I'm more comfortable holding a pile of FFN prefs where my distribution rate is close to 10%. My 4.55% money market fund is a slush fund for buying opps

mouserman wrote:
flamingogold wrote: For the record, I trimmed today. No one ever lost money taking a profit. I collected the January distribution and today's shares were sold at profit. Have immediately sunk the proceeds into money market for 4.55% and will see where we go this month. if the markets climb my current position continues to earn as does my money market fund. If it drops, I will ease back in with the avail funds but only if it misses and goes sub $5. This will pay again.

mouserman wrote: So DFN definitely not a lock to pay this month or the next...despite what the permabulls have been suggesting.

I took 50 K CAD out of the stockmarket gains and put it in a one year term deposit at my Mexico bank, @ 11.9 % before taxes . 11.5 % after taxes . More going to be going in if i can get another chance at a higher exchange rate, like about 13 pesos to 1 CAD would be nice.