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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 NoShoesNoShirton May 07, 2024 12:06pm
155 Views
Post# 36026982

RE:DFN in realtime @ $15.22 UNIT NAV

RE:DFN in realtime @ $15.22 UNIT NAVDoes anybody remember why DF was created? I'm guessing that DFN was so popular that they did it again creating the junior clone, DF.  If you have a different guess or an actual memory let's hear it.
mouserman wrote: Showing a gain of about 41 cents since the April 15 numbers ( 14.90) , which Quadravest thinks is close enough to pay to commons. Doing that more than once has allowed DFN to fall close to the threshhold for paying, rather than having a 30 or 40 cents bigger cushion. DF meanwhile has come within range of equalling or passing  DFN.


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