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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 flamingogoldon Apr 22, 2024 12:31pm
250 Views
Post# 36001534

RE:RE:RE:Will They Or Won't They

RE:RE:RE:Will They Or Won't They A decent day is needed and so far they are getting it. Plus, DGS will be paying so if DFN can get it close enough to the threshold they will want to declare a payout as well to keep their fund competitive and on investor's radar. However, if we close flat or we sink lower than where we are now it might just have to wait another month. It's that close to the finish line.

amugsgame wrote: I agree that "they can't pay if its short" but the ability to chose a date - the prospectus provides no specific day of the month for NAV valuation or div announcement -  provides a lot of latitude.


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