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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 5:00pm
147 Views
Post# 36002113

RE:NAV April 22

RE:NAV April 22They waited as long as possible because DFN is their star fund. They want it paying out as often as possible. Otherwise, their main competition, DGS, gets all the investor glory and DFN goes into the dust bin. A dying fund is the last thing a manager wants, it's less fees for them.

AnEducator wrote: ~$15.03. It appears we are back into payment territory and trading at a premium.

I fully expect a dividend announcement tomorrow pre-market as ABP123 stated. This is the only explanation for delaying dividend announcements on all their funds to the last possible moment. I could be wrong, but it would be a massive surprise unless our spreadsheets are off and the threshold has somehow not been met. This seems highly unlikely.




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