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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
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Post by AnEducatoron Apr 17, 2024 10:28am
338 Views
Post# 35993636

NAV @ 10:21 am

NAV @ 10:21 am~$14.85. Premium is an elevate ~$0.25 on an entity which is now underwater by ~1.03%.

If we close at current levels or lower by the end of the day, I wouldn't be surprised if Quadravest simply makes all their dividend announces tomorrow morning. If we close closer to the threshold, it would make sense for Quadravest to delay.
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