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.

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Dividend 15 Split Corp > Brompton still buying DFN Prefs

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Comment by mousermanon Feb 15, 2024 2:37pm

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Post# 35882457

RE:Brompton still buying DFN Prefs

tinkvid wrote: Largest holding within SPLT. I think we Get news on extension and sometime before September we see a re-rate up on preferred yield.

Yes for sure, of all the split fund preferreds i am tracking DFN has the LOWEST yield. Nobrainer that it will go up, but not sure it will be higher yield than FFN or LFE preferreds....
It will depend on what the prospectus has written in it. Some dont have a big % above the prime interest rate.

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