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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 12 = approx: $14.97 AFTER dist.
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Comment by AnEducatoron Feb 12, 2024 8:02pm
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Post# 35876592

RE:DFN unit nav to FEB 12 = approx: $14.97 AFTER dist.

RE:DFN unit nav to FEB 12 = approx: $14.97 AFTER dist.Glad to say my mumbers match yours to the penny, MM. $14.97 it is, just ~0.27% below the threshold for payment. Achieving this on any day this week, I suspect, would ensure a dividend declaration.

mouserman wrote: So hope this is close, but  was a bit of a surprise not seeing WN on the list. Apparently was a fatfinger mistake by some data entry worker. DFN needs to get above the 15$ UNT NAV by friday i would think, for them to pay to commons.


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