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

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Dividend 15 Split Corp > Preferred Share Rate Increase

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Post by wolverine99 on Sep 10, 2024 8:38am

Preferred Share Rate Increase

In Sept. 23 both FTN and FFN Preferreds received a Rate increase, does anyone forsee that happening on DFN and DF Preferreds as both currently are lagging the market? Apprecaite any insights.

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Comment by mouserman on Sep 10, 2024 10:29am

Almost a given that DFN raises the preferreds at the end of the 5 year term on the SPLIT FUND. I suspect it will get bumped up to around 6.5 to 7% from the current 5.4% on the 10$ value of the preferreds. Still would be below the likes of FFN.pr.a , FTN.pr.a BK pr.a and LFE preferreds. I do think those will get lowered perhaps in the next year or 2 with interest rates declining.

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Dividend 15 Split Corp