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 18 = approx; $16.45

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Comment by NoShoesNoShirton Dec 19, 2024 12:18pm

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Post# 36370503

RE:RE:RE:RE:RE:DFN unit nav to DEC 18 = approx; $16.45

Part of the reason why DFN is overvalued is it has more long-term holders because it has been a more reliable payer. That was the past, and it reverses in the future. DF will now be a more reliable dividend.

FatTraderDude01 wrote: ...DFN market cap over DF is 5.2 times higher. Are you telling us that multiple is justified in DF?
Granted, DFN is "traded" with put options affecting sp.

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