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 > Currently on the sidelines here

<< Previous

Bullboard Posts

Next >>

Post by flamingogoldon Mar 01, 2024 11:37am

256 Views

Post# 35909326

Currently on the sidelines here

Looking for sub $5 again to reload. Maybe I get it maybe I don't. But, it's sooooo close to the cutoff and markets are sizzling hot. All it would take from here is just a slight correction.

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale