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Dividend 15 Split Corp | Preferred Shares (DFN.PRA.CA)
Prospectus excerpt: Dividend 15 Split Corp. (the ‘‘Company’’), a mutual fund corporation incorporated under the laws of the Province of Ontario, is offering up to 14,000,000 Preferred Shares and 14,000,000 Class A Shares (collectively, the ‘‘Offering’’) under this prospectus at a price of $10.00 per Preferred Share and $15.00 per Class A Share. The Company will invest primarily in a portfolio of dividend-yielding common shares (the ‘‘Portfolio’’) which will include each of the 15 Canadian companies (collectively, the ‘‘Portfolio Companies’’) listed below. These are currently among the highest dividend-yielding stocks in the S&P/ TSX 60 Index: Full Prospectus PDF », DFN.CA Page »
Alternate symbology: | DFN-A.CA, DFN-PA.CA, DFNprA.CA | Redeemable?: | Yes | Call Date: | 12/1/2009 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 14000000 | Overallotment: | 2100000 | Liquidation Preference: | $10 | Recent Market Price: | $9.79 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-0.21 (-2.10%) | Annualized Dividend: | 0.54996 | Recent Ex-Date: | 3/27/2024 | Current Yield: | 5.62% | Original Coupon: | 5.25% | Pay Period: | Monthly | CDx3 Compliance Rating: |
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Dividend 15 Split is a mutual fund corporation. The Fund's investment objectives are to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of C$0.04375 per Preferred Share; to provide holders of Class A Shares with regular monthly cash distributions targeted to be C$0.10 per Class A Share; and to return the original issue price of C$10.00 and C$15.00 to holders of Preferred Shares and Class A Shares, respectively, at the time of the redemption of such shares on Dec. 1, 2014 or such other date as the Fund may terminate. As of Nov 30 2010, Co. had total assets of C$269,431,544 and an investment portfolio at fair value of C$237,872,440. Preferred: DFN.PRA.CA Open the DFN.CA Information Page »
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