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

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Comment by ABP123on Mar 02, 2024 4:49am

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Post# 35910889

RE:Currently on the sidelines here

I was actually suprised that it closed down. While I haven't seen an updated NAV, my guess is it took a reasonable bump up, given that most of DFN's holdings were up.

It will be interesting over the next couple weeks. Bank earnings out of the way and earnings in general done for the holdings. I guess we just bounce from Inflation Report to Inflation Report and watch Market Pundants furough their brows trying to predict when interest rates will fall or if at all.

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