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 to OCT 28 = approx: $16.55

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Comment by mousermanon Nov 03, 2024 7:44pm

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Post# 36294544

RE:RE:DFN unit nav to OCT 28 = approx: $16.55

Levent14 wrote: Dear Mr.Mouserman,

DFN declare retraction Privilage, do you have any knowlege about that,
My Ave.cost $5.37, NAV approx $16.55 do you suggest retract some of my shares.
TIA.

I think you would have needed to do the retraction a few days before the end of OCTOBER.. and no i do not think it would have been smart as there is NOT a big enough discount.

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