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 has been my Best stock this year.

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Comment by mousermanon Oct 08, 2024 1:27pm

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Post# 36258113

RE:DFN has been my Best stock this year.

rixpix wrote: Almost 100% cap gain so far and collecting 40% Dividend!!

They say u gotta be good to be lucky and lucky to be good.

I think I've been extremely lucky with this one and never expected to be making this much in less than a year.

Still holding all my shares for the dividend and don't care if it doesn't go higher anymore.

GLTA

Its only a 40% annual distribution if you get paid every month.. if you bought at 3$ that is not possible.

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