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 > Quadravest updated DFN to April 15 @ $14.90

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Comment by AnEducatoron Apr 18, 2024 10:50am

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Post# 35995883

RE:Quadravest updated DFN to April 15 @ $14.90

Hey MM, I don't understand how you are so sure they intend to use the 15th NAVs for their declarations. Isn't it possible they might use today's closing NAV if the NAV miraculously surges to $15.00?

I agree that they will almost certainly be forced to use the NAVs as of the 15th since the likelihood of achieving dividend status this week is extremely remote, I would just be hesitant to declare it with 100% certainty.

mouserman wrote: As i suspected Quadravest made the 15th the date for all their split funds.
DFN unit nav has lot another 10 cents since the 15th so UNIT NOW sits @ $14.80
Will the markets continue down or get a bounce in the next few weeks???

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