Dividend 15 Split Corp T.DFN

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

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

Dividend 15 Split Corp > DFN unit nav to dec 08 = approx: $15.87

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Comment by Hisomeon Dec 09, 2022 9:39am

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RE:DFN unit nav to dec 08 = approx: $15.87

Thank you for all of your posting Mouserman, I often check for your updates, but my first post.

In these scenarios where the premium is this high it generally leads to an offering. If an offering comes out, would that push the stock price lower generally?

I suppose I ask because when we see this type of premium is it best to lower your position and then potenitally rebuy after an offering?

All of this is hypothetical of course.

Have a great day!

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