DIVIDEND 15 SPLIT CORP II T.DF

I am out , good luck longs

[mouserman]

SO with 19 of the 20 stocks in DF down today, the UNIT NAV is again right around the 15$ threshhold, and the profits on the trade are better than the .10 dsitribution i am getting.
SO at this point , with a premium getting close to 10% i will sit on some cash and buy some bargains when they appear.
Never fall in love with these splits, especially the ones close the threshhold, in a bull market that is getting overheated ....a 10% correction is not out of the realm of possibility. Especially at  that time of the year when you are coming to the deadline  to pay income taxes.

[EdPaquette]

I bought more LFE today and I'm willing to wait a year for it to start paying but it should be quicker. Trading at a 10% discount. 

[JohnWalker]

I will also be looking to get out, but there is still a week before ex-dividend date and I believe this will go higher. I will wait.

[JohnWalker]

Sold first tranche of 7,250 @ $5.54.

[JohnWalker]

Sold the balance of my DF (10K shares) at average of $5.57.

[navgod]

Started a short position in DF today @ 5.58. Intend on keeping it small until we have a better feel for NAV for May 15th. GLTA not just the longs :-)  

[navgod]

Sold my last 3000 @ 5.48 -- to early for this sort of premium.

[mouserman]

Apparently there are still some dividend chasers who believe this is worth a buy at about a 10% premium to NAV.....UNIT  NAV has jumped back up about 4 cents so far this am to $15.04...but the commons price is up 8 cents... LOL after distributions the NAV would be about 4.90 for commons.

[TickerTwit]

Nothing wrong with short-term trades on DF, but the real golden goose appears when NAV clears the 15.01 hurdle by a wide margin and the payouts become regular. The preferreds soak up the dividend and covered-call income, leaving no income for the commons, but the commons get all the capital gains attributable to the preferreds and end up with 3x leverage. Successive payouts to DF can be thought

[TickerTwit]

Correction to the highlighted text in my prior post: Successive payouts to DF can be thought of as returning an original 3.33 cents of your buy-in and adding 6.67 cents ...