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.

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Dividend 15 Split Corp > Troubling Budget Headlines

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Comment by flamingogoldon Apr 17, 2024 10:18am

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Post# 35993596

RE:RE:RE:Troubling Budget Headlines

I disagree. I have many friends who are "mom and pop" owners who have bought and flipped over the last 20 years. The main reason why "small" investors are buying is because 1) rates have been in the ditch and 2) capital appreciation on the other side. Canadians have been largely responsible for the huge increase in housing but of course it is the human condition to blame others.

Offcentre wrote:
It wil affect a larger number of Canadians than they state! A small number of Canadians have over $250 K capital gains annually, but a significant number of Canadians own more than one real estate property.

Liberals are going after every mom and pop landlord, every vacation property/cottage owner. .13% is understated! 1 in 6 property owner own multiple properties. Small landlords aren't driving up the real estate market, they are the powerless landlord, offering homes to those that can't afford to own.

These are not property flippers, as property flippers are subject to pay tax on 100% of income,. Large REITS turning homes into commodities. This is where the focus should be.

Mom and pop real estate investors are being targeted with widespread support.

Liberals as always going after the low hanging fruit...