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 > The power of being contrarian

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Post by flamingogoldon Jul 11, 2024 9:49am

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Post# 36128079

The power of being contrarian

I bet few here, maybe next to none, hold BBD or would even think of buying. In fact, I can even hear the scoffs when I just mention that name. The hate is deep. I bought it unloved and today my position has now surpassed even my winnings in DGS over 10 years and the incredible comeback of SRV post covid.

Not gloating, but a case in point that buying into the storm can reap excellent rewards. Coming back to DFN, the storm here has yet to arrive. I am waiting.

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