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 > DFN unit nav to March 20 = approx: $15.34

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Comment by ABP123on Mar 22, 2024 4:18am

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Post# 35946431

RE:RE:RE:DFN unit nav to March 20 = approx: $15.34

Thanks for this input. DFN is the only split fund I have ever been involved with. I purchased my shares back in very early Nov and sold half of my DFN.PR to fund the purchase of DFN. I took it as a risk / reward case. I have no illusions that DFN is going back to $8. I am actually quite fine to let it float around the $5 plus range as long as they are paying. So far so good.

I also know when it looks like a payment could be missed, this thing falls fast. The long term chart does look like a staircase to the basement and each step down seems to corrilate with a time line to some sort of market freak out. Which the unit price never fully recovers. I guess the offerings you speak of might play a part here. Some of you do trade this instead of taking the payment. Perhaps this may be a strategy worth looking at.

Thanks again for your insight.

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