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.

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Dividend 15 Split Corp

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Post by mousermanon Jun 14, 2024 6:46pm

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Post# 36090069

DFN unit nav to June 14 = approx: $14.76

So a bit of a bounce back as a few holdings turned green, And Loblaws went ex-divvy today..and that was added in.
Value of the commons are $4.76 and unless we see a HARD bounce back up, Quadravrest will not be paying distributions. They should not have paid a few others in the past year, and now would be close to being in the money.. depending how they invested that cash that would have been paid out to common shareholders.

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