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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Comment by flamingogoldon Apr 23, 2024 11:09am

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Post# 36003296

RE:RE:Never fall in love with a stock...

DFN was over $10 in 2015 and will never reach that level again. Even with all the distributions, there is a time to own this and a time to be on the sidelines. And for those who have the skill and the courage, there is also a time to short it.

Assuming one bought 1000 shares in Dec 2015 for $10, which was the low for the year, and never traded in/out since:

$10,000 at $10 = 1000 shares

96 distribution months - 8 misses = 88 months

1000 shares x .10¢ = $100 x 88 = $8800 in distributions

If sold today

1000 shares x $5.35 = $5350 + $8800 = $14,150

$14150/10,0000 = 1.41 or 41% increase

.41/8 years = 5%/yr overall gain