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

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Post by mousermanon Nov 07, 2024 11:51am

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Post# 36301224

BCE continues to tank , dragging down T with it.

So DFN now showing a gain of 34 cents since the updated numbers OCT 31, and DF showing 3 cent better gains.. Now DFN unit nav @ $16.56 and DF at $16.75.. in my brain it only makes sense to dump DFN at these levels and buy the same stocks, ( better weightings) for less and get a bargain on the NAV discount. ANd that is only if you dont want to jump into the rocketting lifecos and banks..

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