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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.


TSX:DFN - Post by User

Dividend 15 Split Corp > DFN NAV
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Comment by flamingogoldon Apr 16, 2024 11:26am
159 Views
Post# 35991585

RE:DFN NAV

RE:DFN NAV Israel has confirmed a retaliation for Iran's attack is imminent. The market and oil may not have baked that in fully. In light of this headwind, for management to declare a distribution when the NAV is currently below the threshold might be considered irresponsible.

Aszuba wrote: Hopefully Tuesday & Wednesday brings us closer to a stronger footing to get paid our Dividend.


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