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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 ABP123on May 30, 2024 7:21am
153 Views
Post# 36063845

RE:Not a full fledged selloff

RE:Not a full fledged selloffI am wondering if this is the continuation of the sell off that started in April.  The one in April got aborted by a solid earnings season and a Fed meeting that didn't spook the market.  Meanwhile the meeting minits did spook the market.  It's like the Fed said one thing after the meeting, even though they seemed to feel different. Now with earnings out of the way, we are back to worrying about inflation, rates, hard, or soft landing.  These are the items that gave us the April sell off.

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