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

Dividend 15 Split Corp

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Post by mousermanon Jul 10, 2024 5:26pm

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Post# 36127219

DFN unit nav to July 10 = approx: $15.10

My spreadsheet has the unit nav gaining 21 cents since the update on JUNE 28th. Commons now with a value of $5.10 well over the level for paying to commons. If they stay at this level until friday, Quadravest will pay to the commons. They will likley use the 15th which is monday, but if it drops below $15 that day, they will use fridays close, if history is any indicator.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?