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 Nov 11 = approx; $16.68

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Post by mousermanon Nov 11, 2024 4:30pm

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Post# 36307228

DFN unit nav to Nov 11 = approx; $16.68

Showing a gain of 46 cents now since the full update to OCt 31... last sale at $6.30 means the discount is 38 cents or about 5.6 %. There are several split funds with commons much more discounted than DFN, including DF which carries a higher NAV and bigger discount with the same stocks. FFN , FTN, LBS , and LFE all also have bigger discounts and more safety.

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