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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

Comment by mousermanon Nov 19, 2024 9:18pm
78 Views
Post# 36320878

RE:Posted NAV on Nov 15 is $16.71

RE:Posted NAV on Nov 15 is $16.71My spreadsheet to the 15th was 3  cents low on DFN, compared to 8 cents low on DF. So the result is DF is even more undervalued  as far NAV goes  now 26 cents higher in NAV on the adjusted spreadsheets. What i am thinking is that BCE was lowered in both DFN and DF, but perhaps  by a bigger % in DF. Bigger cash position in DFN  was shown at OCt 31 ahead of the election, and this limited upside. At any rate glad i have been adding DF at the current levels under $6.35..as the discount now is at  63 cents or about  9 %.
DFN discount has grown as well @ 36 cents  or about  5.3%. Yield today is the same on both of them.
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