Dividend 15 Split Corp T.DFN

Alternate Symbol(s): DFNPF | T.DFN.PR.A | DVSPF

Financial Services Asset Management

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 DEc 5 = approx; $17.01

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Post by mousermanon Dec 05, 2024 9:54pm

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Post# 36348454

DFN unit nav to DEc 5 = approx; $17.01

DFN now showing a gain of 20 cents since NOV 29, and had a nice rebound from BMO, along with huge 13% gain fromTA , after acquisition announcement.
Commons now valued @ $7.01.. and with the last trade @ $6.49 the discount is 52 cents or about 7.4%

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