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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 > DFN gains 2.5 cents in UNIT NAV SINCE FRIDAY
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Comment by BullWink_a_Loton Sep 04, 2024 9:11am
163 Views
Post# 36207731

RE:DFN gains 2.5 cents in UNIT NAV SINCE FRIDAY

RE:DFN gains 2.5 cents in UNIT NAV SINCE FRIDAYIncredible!  That's a 9.5% DISCOUNT to Nav.  Whatever happened to the days of a 15% Premium to Nav!  One of my new golden rule is not to buy a split fund at a premium so I guess my golden rule is catching on.  Happy trading everyone! 
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