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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.


TSX:DFN - Post by User

Dividend 15 Split Corp > Can we sell after ex-dividend date and buy other share
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Comment by AnEducatoron Jan 23, 2024 2:29pm
158 Views
Post# 35841369

RE:RE:RE:RE:Can we sell after ex-dividend date and buy other share

RE:RE:RE:RE:Can we sell after ex-dividend date and buy other shareJanuary 31st is the record date which is two business days after the final date one needs to purchase the shares. So if you purchase shares on January 29th, you will be deemed a shareholder as of January 31st. If you purchase shares on January 30th, you will not be deemed to be a shareholder until February 1st. 

BloodThirsty correctly stated that the ex-dividend date is Tuesday, January 30th.

FatTraderDude01 wrote: The recent news release indicates Jan 31st..
“TORONTO, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. (The "Company") declares its monthly distribution of .10000 for each Class A share ($1.20 annualized) and .04583 for each Preferred share (.550 annually). Distributions are payable February 9, 2024 to shareholders on record as at January 31, 2024."


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