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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 flamingogoldon Jun 25, 2024 10:40am
214 Views
Post# 36104933

Damned if they do. Damned if they don't.

Damned if they do. Damned if they don't.Today's inflation uptick number puts the BoC in an even more difficult position. A July cut now seems more unlikely. However, fiscal policy works very slowly. It's too soon for last month's cut to have worked itself into the economy. Personally, I believe this latest uptick is just an anomaly. There are definitely signs of weakness especially real estate which is the biggest contributor to the Canadian economy.

As the summer rolls on, we will likely see continued softness and without further cuts we may wake up one day to a surprisingly low print close to 2%. On the surface, that will look like a win since it is the BoC's target. But, on the other hand, it may look like we are slowing too fast, heading for a recession and falling behind the curve.

So, damined if they do cut and cause inflation to spike even higher. Or, damned if they don't cut and face recession worries. Up to now Tiff has been a CB leader. If he doesn't cut in July he will need to wait until September. If May's data is an anaomaly, then he may be facing a recession scenario by September. It I were Tiff, I would cut in july. We are still under 3% inflation. The risk of cutting outweighs the risk of pausing.
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