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 flamingogoldon Aug 14, 2024 8:41pm

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Post# 36179698

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

Following up... Buffet builds new stakes in two companies. IMO, Buffet did not sell Apple on fears of a recession. His Apple stake got enormously large and is still his largest holding. Rebalancing is normal and healthy portfolio maintenance.

https://www.cnbc.com/2024/08/14/buffetts-berkshire-hathaway-builds-new-stakes-in-ulta-beauty-heico.html

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.