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Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  T.DFN.P.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. The Company 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

Post by Sammy9on Jun 27, 2022 3:18pm
324 Views
Post# 34785445

This is a good one

This is a good oneI am primarily an ETF holder though l do have a couple of stocks l think will out perform , more to mgmt than price power , DBM is one and thats for you Donwaan,. It seems we have DFN in common as well , and this is my second largest position. i have only owned fo 2 months and have bought 4 times and in the scheme of things , an outperformer. . Including the dividend , reinvested this is only down about 1% from my ACB, Compared to the volatility in the market overall this is a stellar producer,and who can object to that dividend. As POS , no slur has posted current NAV values as long as it does not fall below the price in the prospective , we are doing quite well. 
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