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 15, 2024 4:51pm

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Post# 36133642

DFN unit nav to JUly 15 = approx; $15.29

Spreadsheet showing a gain of exactly 40 cents since JUNE 28th. 3 stocks that went ex divvy, TD, BNS and AGF.b all had that dividend added to their share price.
Last trade @ $5.15 means a discount of 14 cents, quite reasonable given the small cushion above the 15$ threshhold for paying to commons.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?