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 guesstimate to Feb 5 =approx: $14.86

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Post by mousermanon Feb 05, 2024 4:06pm

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Post# 35863906

DFN unit nav guesstimate to Feb 5 =approx: $14.86

Rejigged the holdings with WN the top weighting , but not sure if they got rid of Loblaws to hold George Weston LTD. or if they kept both. At any rate it looks as tho DFN lost about 16 cents now since the JAN 31 update. Last trade @ $4.98 still leaves them at a small premium. Obviously longs are hoping this is NOT the beginning of a big correction.

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