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 unit nav in realtime @ $16.12

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Post by mousermanon Sep 13, 2024 1:33pm

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Post# 36222667

DFN unit nav in realtime @ $16.12

Showing a gain of 37 cents since AUG 30 and last trade @ $5.64 leaves a discount of 48 cents OR...about 7.8 %. Commons should have a value of $6.12. Historically when DFN had this high of UNIT NAV print the commons would be trading above 7$ usually with around a 20% premium. Those days are apparently gone.

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