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 navgodon May 08, 2024 8:34am

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Post# 36028472

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

mouserman wrote: 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.

That advantage is history - the premium needed for a ATM or other issue just isn't there currently and if they do manage to squeeze one in there wouldn't be the positive impact on NAV you had in the days of fat premiums.Am considering a short against my DF holdings }

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