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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Comment by ABP123on Feb 05, 2024 4:59pm

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

Once again thanks for the info you provide. Very helpful.

It will be interesting to see what happens. Earnings this week for a couple of the holdings. Banks are not going to rebound until after earnings start in March. If I remember correctly Banks shut down their own rally in early January when it was stated at some conference that they still may need to increase loan loss previsions.

Powell's interview was great. I liked his comments regarding unsustainable government spending. This applies to Canada too. It's time for both governments to stop fighting their respective central bankers with free money. Its also time for Canadian Companies to get serious about efficency.

I still hold my DFN as it is only 3.25% of my portfolio.

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