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 > NAV February 15

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Comment by rixpixon Feb 20, 2024 4:27pm

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Post# 35889653

RE:RE:RE:RE:RE:RE:NAV February 15

DFN has turned out to be a fantastic investment for me in such a short period of time.

Bought a chunk @ $3.11 and collecting $1.20 yearly div.

That's almost a 40% dividend yield!
Plus an almost 100% cap gain.
Fantastic is putting it mildly.

Not planning on selling any either right now.
I'll just hold and collect the monthly div.

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