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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

Dividend 15 Split Corp > Markets bouncing back
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Comment by Mmb060on Jun 01, 2024 1:21pm
161 Views
Post# 36067624

RE:RE:RE:RE:RE:RE:RE:RE:Markets bouncing back

RE:RE:RE:RE:RE:RE:RE:RE:Markets bouncing backYes, leverage is a double edged sword.  Great when things go well and disastrous when it reverses.     
Its the same with housing where home equity skyrocked pre 2022, and then has come crashing down.  With higher rates, some are getting wiped out.   
I see the same with splits, where now some prefs paying 7%+, which will suck a lot of cash from the UNIT, thus decreasing ClassA values.
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