Dividend 15 Split Corp T.DFN

Alternate Symbol(s): DVSPF | T.DFN.PR.A | DFNPF

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

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Post by ABP123on Jul 05, 2024 9:20am

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Post# 36119417

Jobs Numbers

US Job numbers.... Not bad enough to guarantee the two rate cuts the market has priced in, but not good enough to guarantee the US economy will not have a recession. Unemployment rate up .1% and the May numbers revised downwardly by 54,000 which is about 20%.

Canada.... Well what did we expect? 1,400 jobs lost, unemployment up .2% I guess the odds of a BOC cut this month just went up.

Curious what the market thinks. However A I earnings start in about 4 weeks. They will save us.

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