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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

Post by ABP123on Apr 20, 2024 7:58am
360 Views
Post# 35999377

Sector Rotation or Oversold Bounce

Sector Rotation or Oversold BounceI can't figure if the very recent bounce in DFN's holdings is simply an Oversold Bounce in companies such as ENB, TRP, Banks, etc. or is this a Sector Rotation out of Tech?  I've have noticed that the Dow and TSX have bucked the downward trend over the past couple of days.  If it is a Sector Rotation then a DFN payment miss might be short lived and only one month.
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