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 > Buyers

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Comment by flamingogoldon Apr 18, 2024 4:34pm

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Post# 35996770

RE:RE:RE:RE:Buyers

Very true. Checking my Waterhouse account fundamentals page it shows distribution rates for LFE 31%, DF 28% and DFN 25%... none of which will be paying this month.

amugsgame wrote: I think you may be overestimating the awareness of many holders of DFN. My experience in the past is that shorting it when it is near the $15 level (and when you and MM do such a great service in providing the NAV updates) seems as close to insider trading as you can get while staying legal. I think many who buy the units have no idea of the $15 NAV requirement, only see the dividend % and then are shocked when the SP collapses. We'll find out in the next few days.

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