Dividend 15 Split Corp T.DFN

DFN Preferred

[wolverine99]

The Divy and Yield on the Preferred is lagging behing behind many other Preferred shares Can this only be adjusted on the Renewal date, assuming its renewed? Thanks

[Kylemcc10]

Doesn't matter if it's renewed or not you're entitled to the $10 assuming the value is still there. I'm expecting it to trade back up to $10 in the market as it gets closer. Looking at past charts of preffered's that have drifted lower. The actual process of the fund buying you out I have not done personally 

[mouserman]

I think perhaps the prospectus is different for preferred shares  in DFN than some of the others in Quadravest.  LFE, BK, FTN, FFN have all riased the yield on the preferreds to around 8%, and quite sure it was  not on the renewal date. I think for those the rate is reviewed annually.

[mouserman]

Last the time preferred rate changed for DFN was in  dec . 2019 So next date for renewal of the fund would be DEC 2024.  FTN 2020 rate was the same as DFN current payout of .0453  per share monthly,  until DEC 2020 and  FTN rate  was raised to   .05625  ( 5.625 cents) monthly and stayed there until  Dec of 2022 when it jumped up the current rate of

[flamingogold]

The yield on my FFN prefs was raised last year and it was not a renewal date. They review the rate every Sept. I am hoping we see another increase again this year. https://www.quadravest.com/_files/ugd/78f11d_c0b802fc81f14165b5ac863e075616a7.pdf The termination date is Dec 1/24 https://03fd212c-7b45-4409-b290-698c20089de1.filesusr.com/ugd/78f11d_cee20f5397aa4109ac9b6f7fea8d95da.pdf