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 DanRiffs7on Jun 06, 2024 1:04pm

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

Appreciate all the responses gents !!
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I agree about using HELOC's for market dip/crash opportunities. I used HELOC money to triple up on oil stock in 2021, was very profitable. And the RM vehicle presented to me (I was told) never starts accumulating interest until it's drawn. Hence you can wait for a buying opportunity. CMIIW

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