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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 > Goodbye to common shares, see you after recessions.
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Comment by EdPaquetteon Aug 08, 2024 10:22am
196 Views
Post# 36169372

RE:Goodbye to common shares, see you after recessions.

RE:Goodbye to common shares, see you after recessions. Mouserman would call me a permabull (until today) and he would be right. My strategy was perfect for bull markets but I had a hard time switching gears in 2022 losing my nest egg. Now I'm halfway back to the peak. My 50,000 shares of ffn.pr will pay my living expenses nicely. That's it. After my dfn sells, everything is in ffn.pr. And yes the Preferred shares get sucked along in a big downturn. If that happens I'll just buy more Preferred shares while they are down. My broker will miss out on my 100 trades per quarter. 
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