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

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Post by mousermanon May 28, 2024 5:01pm

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Post# 36061162

DFN unit nav to May 28 = approx; $15.30

Spreadsheet now shwooing a loss of 5 cents since the 15th of MAY. General selloff in the markets today, but lifecos took the brunt of the selling. Nothing i can see to prompt that, and maybe just profittaking on a sector that has run up too far too fast. Financials in general took a hit today, with very few of them in green numbers. DFN commons somehow managed to stay at a premium , as still there are some in love with this spit fund. General direction has been down for a long time.. but maybe we see a bounce... maybe not. Price is too high for this fella.. so many safer ones at a discount.

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