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 > Another morning headfake

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Comment by flamingogoldon Apr 17, 2024 3:47pm

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Post# 35994531

RE:RE:Another morning headfake

Stagflation = 1 slow growth + 2 inflation + 3 high unemployment

For the US, while inflation is proving sticky, they are nowhere near stagflation as the economy remains resilient and unemployment is extremely low.

Canada is closer to it than the US but not there completely. Growth is slowing and inflation sticky but still below 3% which isn't horrible. Unemployment has moved above 6% but certainly not high enough yet to announce stagflation.

marketsense wrote: Yes, it seems we are going to be stuck in this inflationary environment combined with
slow growth for quite a while longer. Isn't that stagflation?

The good news is IMO, interest rates are not going up either. That should give everyone including the banks, a stable period to adjust to this environment and to continue to profit from their business model.

The recent selloff is simply the speculative froth being taken out of the market. I don't
think it will affect the banks or most other businesses profitibility. Rates are not so high
as to choke off economic activity nor so low as to goose rapid inflation.