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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 flamingogoldon Jun 14, 2024 1:47pm
176 Views
Post# 36089583

RE:RE:RE:RE:RE:Quadravest will not payout

RE:RE:RE:RE:RE:Quadravest will not payoutWhat is your meaning of when the NAV is in jeopardy? Sure, this is not like a mining stock that can go to zero. But, when overall general markets are printing multiple days of record highs, yet the NAV here is still below the threshold to pay, that to me is a warning sign. Same goes for DF and also LFE. These 3 have been barely hangling on, now all of them are below payment status. Yet, markets are barely 5% off their all time highs.

azzurri wrote: For me, this doesn't become a shorting candidate until the NAV is in jeopardy. BDIV is almost 10% of the holdings and BDIV NAV has been in and around $20 since March. Perhaps investors are comfortable paying the premium for DGS as the monthly distributions continue to be paid and its most important holding holds.


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