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.

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Dividend 15 Split Corp

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Post by mousermanon Oct 25, 2024 4:09pm

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Post# 36282674

DFN unit nav to OCT 25 = approx: $16.475

Spreadsheet showing a gain of only 1.5 cents now since OCt 15 .. and commons would be valued at $6.33 after distributions. AND that is close to where DFN closed ..($6.34)
So trading at NAV , and i suspect a few more will be at NAV or above as major pullback today in the markets. But being close to Ex divvy date is spurring buyers to get in for the distribution.

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