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Bullboard - Stock Discussion Forum Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  DFNPF | T.DFN.PR.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. It 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... see more

TSX:DFN - Post Discussion

Dividend 15 Split Corp > Latest update shows DFN lowering cash position to 14%
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Post by mouserman on Dec 07, 2023 8:29am

Latest update shows DFN lowering cash position to 14%

So it appears the Quadravest managers kept a decent amount of cash, but did put more into some of the beaten up names. Looks as tho they did not add to SU, more likely reduced , but bumped most of the other names .
Comment by nadomow776 on Dec 07, 2023 10:20am
If you check the filings they have been buying the cap shares and prefs in the market presumably due to the discount to NAV 
Comment by flamingogold on Dec 07, 2023 11:53am
Good catch. Lots of buying in Oct and Nov. Total number of shares repurchased and cancelled were... 1,311,100 Class A 332,900 Preferred All accretive to the share price. https://ceo.ca/api/sedi/?symbol=DFN&amount=&transaction=&insider=