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 > DFN unit nav to Jann 31 = approx; $15.17

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Comment by NoShoesNoShirton Jan 31, 2024 11:00pm

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Post# 35856326

RE:DFN unit nav to Jann 31 = approx; $15.17

mouserman wrote: So DFN looks to have gain a total of 2 pennies since the midmonth update. After distributions to commons and preferreds the DFN common shares would have a value of $5.02. Last sale @ $5.33 leaves DFN with a premium of 31 cents or about 6 %. Believe it or not , that is one of the bigger premiums of those that are paying. DGS is about at par, and LCS is at a discount, and both have higher common share values.

Adding to the list of splits in pay territory but trading at a discount, FFN.

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