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 > DFN unit nav to July 11 = approx: $15.17

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Comment by Farmer2017on Jul 12, 2024 9:03am

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Post# 36129863

RE:DFN unit nav to July 11 = approx: $15.17

I recall some time ago that you posted on how much free cash Quadravest had in hand! Is there somewhere on their site where this is published? If so does it have a month to month breakdown, I am just curious with regards to their buyback program it might be interesting to see if other than preferred shares if they are spending cash. Thanks for your insights.

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