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Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  DFNPF | T.DFN.PR.A | DVSPF

Financial Services Asset Management
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 AnEducatoron Jun 03, 2024 4:40pm
312 Views
Post# 36070015

NAV June 3

NAV June 3~$15.13. Premium: ~$0.20. The NAV closed ~0.84% above the payment threshold.

On Wednesday morning, the Bank of Canada releases their interest rate decision. This may have profound consequences for the continuation of this rally. The market, it appears, is leaning on the side of a cut so a decision to hold would be expected to have a negative impact on markets. Hawkish commentary would be very problematic.
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