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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Comment by mousermanon Sep 13, 2024 4:25pm

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Post# 36223062

RE:RE:DFN unit nav in realtime @ $16.12

Allah_says_BUY wrote: Maybe. Or we just have to wait until interest rates have fallen enough that dividend stocks and funds are worth buying again for the crowd that's moved so much money into GICs and the like over the last 2 years.

GIC s dont interest me at all, barely keep up with the real inflation rate... in a year how much have things gone up... imo, more than what a GIC pays.
Even lowest paying split funds like LBS , BK , DGS pay over 15% and are much more liquid... AND YOU DONT have to lock in, during uncertain economic times.

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