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 mousermanon Aug 08, 2024 2:04pm

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Post# 36169857

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

flamingogold wrote: Buffett is not out of stocks completely, he rebalanced since his Apple stake ballooned. It's still his biggest holding. Normal and healthy. Had he sold out completely, different story. Monday's event was an over-reaction to a slow down, which the FED is winning on. Today's labour market data is comforting news of that.

I'm not in love with this market either, I've always said the second half would be more volatile than the first. There are cracks, there's uncertainty, but it's not 2008, dot com, or 1987. A correction of 10% is healthy, which the Nasdaq is already in and the S&P touched on Monday. We can selloff a bit more but I don't see a +20% or more selloff in the Dow or S&P in the next year.

mouserman wrote: So this current Black Monday selloff compares to those events in history... do they not?
Buffet selling banks and APPLE for hundeds of billions ..??? Owns more US treasuries than the FED? What do they know that we dont. How to become billionaires .. maybe.
I like to follow the money.

50% sale of APPL is rebalancing?? LOL
I have been following Bufffet for a long time, never before seen this amount of treasuries in his holdings. Rose colored glasses are great for the bull markets but good for capital losses in a downturn, which is more than overdue. I have lived thru several of these multiyear corrections when permabulls got killed . I was one of those.
Not sure if i have witnessed more of a misguided push up in the markets since the dot.com era. AND this one has more to do with it being an election year, than a steaming hot economy.
As far as DFN and DF go, i can wait until near the end of the month to buy for distributions if they manage to stay above the threshhold til midmonth. No need to buy here. One day doesnt make a market... but one big down day can sure rattle the bulls out of their shares, via margin calls and stop losses.
I fully expect more downside than upside for the rest of this month.. I am out of everything for now, just bids on preferreds at this time.

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