Dividend 15 Split Corp T.DFN

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

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.

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Dividend 15 Split Corp > DFN unit nav to Nov 30 = approx: $16.42 before dist.

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Post by mousermanon Nov 30, 2022 9:49pm

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Post# 35141761

DFN unit nav to Nov 30 = approx: $16.42 before dist.

Spreadsheet showing a gain of only 18 cents now, and so the commons have a value of about $6.27 after distributions are paid to commons and preferreds. Premium to day is $1.57 and that is one of the richest premiums again in the split fund arena. Works out to 25%.

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