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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 NoShoesNoShirton Nov 27, 2024 8:10pm
49 Views
Post# 36334803

RE:RE:RE:Whats with the decay?

RE:RE:RE:Whats with the decay?I looked at IS, and it looks interesting. It's brand new?  I clicked on 10 year chart and got 6 months. 
saddlerack wrote:
That is exactly correct. Without a bull market the NAV has to slowly erode as the excess is paid to the commons. However with a bull market there is plenty of excess NAV and the payouts look secure. I think that this is pretty much the same with all of the splits that I follow. They are great when the market, or more correctly the sector that they invest in, is rising, but without that, they become very risky. The trick is to anticipate an oversold sector and buy the commons before the sector turns around. I'm thinking that Utilities, especially Telco's look like they should start to benefit from declining interest rates. However, the only split that I can find that focuses on utilities is the Middlefield IS. Its holding are pipelines, REITS, Power and BCE for the Telco. It's trading at a pretty good discount to it's last posted NAV.


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