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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.


TSX:DFN - Post by User

Comment by AnEducatoron Apr 18, 2024 2:41pm
190 Views
Post# 35996490

RE:RE:Buyers

RE:RE:BuyersI also have a short position on this stock, but I am not entirely sure what type of reaction to expect on the missed dividend simply because all those who have been paying attention know by now that barring a miraculous turnaround, there is no positive announcement forthcoming this month. This is especially true after the NAVs were posted yesterday. 

In any case, I am counting on a further collapse in price as the premium, however small, is unjustified given that many other split corps are trading at a discount these days.

amugsgame wrote: I'm short and tempted to play the strength / weakness game of the market today since we all know what the Quadravest announcement will mean. The only hesitation is that, in the past, there have been a few occasions where TD had no availability of shares to short.     


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