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 > Goodbye to common shares, see you after recessions.

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Post by EdPaquetteon Aug 08, 2024 9:04am

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Post# 36169168

Goodbye to common shares, see you after recessions.

I've made tons of money in the common shares some years and lost tons in other years. Now I don't want any chance of losing, so I put all my money in preferred shares. I still have a bit of dfn for sale and when it's gone my margin will be minimal. I'll be there for the next big event like the flash crash of 87. Tech bubble of 2000. Lehman moment of 2007. COVID-19. I'll run up my margin to buy bargains once every 10 years.

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