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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

Post by amugsgameon Jun 19, 2024 10:38am
416 Views
Post# 36095867

Pay attention and learn

Pay attention and learn Obvious in the last few days that DFN was well under the NAV threshold yet posts appear insisting Quadravest will pay. DFN and other splits are perhaps the easiest stocks to make money from. Why? Because MM, ANED and others track the NAV with great accuracy. Buy when it's running up close to $15 and short (like I did) when it's underwater. No magic just logic and as close to insider trading as you'll get (but legal)
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