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

Dividend 15 Split Corp > DFN in realtime @ $15.22 UNIT NAV

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Comment by mousermanon May 08, 2024 8:21am

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Post# 36028441

RE:RE:RE:DFN in realtime @ $15.22 UNIT NAV

DFN had a big advantage in doing several offerings at prices that were a big premium to the NAV.. and everybody , and I mean everybody who bought in at those prices, would be underwater now. One only has to look at the history of the falling NAV, ( not the history of paying out) to see that fact.

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