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 9 cents lower than DFN

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Comment by Stoiklaughon Oct 03, 2024 11:26am

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Post# 36251737

RE:DFN 9 cents lower than DFN

fat fingers again? hahahaha

I see it as DFN is USD nad DF is a foreing currency... when you want to move your positions, DFN is much more fluid...

Some investors look at payout history and think that DFN will pay more frequently in the future... while I agree with you that NAV is more important on the long run...I can understand why some are drawn to DFN...

I exited a lot of DFN and am now heavy on DF but will still trade some DFN here and there...

GLTA

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