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

Dividend 15 Split Corp > DFN unit nav to May 31 = approx: $14.99 BEFORE dist.

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Post by mousermanon May 31, 2023 4:24pm

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DFN unit nav to May 31 = approx: $14.99 BEFORE dist.

So when the update comes from Quadravest , expect the UNIT NAV to come in @ about $14.85 after distributions are paid. SO basically the commons have a value of $4.85 here . Unless they expect a sudden turnaround in the markets, ( which i do not) DFN will be below the level for paying to commons.

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