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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 > DFN unit nav to FEB 08 = approx: $14.81
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Comment by AnEducatoron Feb 08, 2024 10:33pm
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Post# 35871597

RE:DFN unit nav to FEB 08 = approx: $14.81

RE:DFN unit nav to FEB 08 = approx: $14.81We experienced a sudden collapse from the $4.90 range to the $4.70 range late in the day. I would not be surprised to see us continue to trade at a slight discount to NAV until we get back above the payment threshold. 

mouserman wrote: Had the exact same number AS Aneducator had just posted, so things didnt change much in the last hour. Premium disappeared on DFN and commons now trading just below their NAV...


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