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.

TSX:DFN - Post by User

Dividend 15 Split Corp > DFN unit nav to April 25 = $15

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Comment by AnEducatoron Apr 25, 2024 4:41pm

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Post# 36008029

RE:DFN unit nav to April 25 = $15

We're in sync, MM. I have the NAV right at the threshold with one more day remaining to capture the dividend.

We have an entire month to make up the $0.146 to get to the threshold once we trade ex-dividend next week. People still seem intent on buying every dip, and the positive earnings reports just released from the behemoths Alphabet and Microsoft bode well for sentiment tomorrow morning.

mouserman wrote: Have the unit nav now at threshhold for paying... was a bit surprising that holdings came back after the open. Will see what the next few weeks brings. DFN commons with a value of $4.86 after distributions.

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