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.

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Dividend 15 Split Corp > Never fall in love with a stock...

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Post by flamingogoldon Apr 23, 2024 10:31am

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Post# 36003164

Never fall in love with a stock...

This is often stated... but I also live by the fact to never completely hate a stock either.

Yesterday was a day to start loving DFN again because it was very, very close to the threshold of paying and markets were solidly in the green. That was the moment to open our hearts and our wallets again.

I've stated it often, the fund managers want this to pay out. It's Quadravest's "star" fund and main competition to Brompton's DGS. The time will come again when the premium gets too high as the threshold to payout nears. But, today is not that day to hate.

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