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: $14.88

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Comment by flamingogoldon Feb 07, 2024 12:30pm

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Post# 35867754

RE:DFN unit nav in realtime, @ approx: $14.88

The wild card here is that Quadravest can still declare for the month regardless of the current NAV and this is providing the premium for now.

mouserman wrote: So buyers are jumping on DFN commons again today, and must see something i do not.
Reality is that the UNIT NAV continues to sag, and i dont see a sudden turnraround imminent. Never fall in love with split fund commons that are underwater. Past results DO NOT guarantee future positive results.

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