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 unit nav to June 5 = approx: $15.21

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Comment by flamingogoldon Jun 06, 2024 8:24am

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Post# 36074791

RE:RE:DFN unit nav to June 5 = approx: $15.21

Reverse mortgages are a bad idea. Not entirely sure what you mean by "extra" but just be aware that putting retirement money to work into split funds is very risky. If you lost half that money would you still be ok? That's what these funds do ocassionally.

DanRiffs7 wrote: Curious on your take MM. Is there one or two splits funds you'd be confident to put say an extra $400K Reverse Mortgage HELOC into for retirement income long hold?

With the current funds you follow, to me Brompton seems to manage better and be more fund conscious than QV. I'm a relative newbie, my fund exposure is BK DFN ENS EIT - thats it. Cheers

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