Bullboard - Stock Discussion Forum DIVIDEND 15 SPLIT CORP II T.DF

Alternate Symbol(s): T.DF.P.A | DVDDF

Dividend 15 Split Corp. II is an investment company, which invests in a portfolio of 15 dividend-yielding, Canadian companies. It offers two types of shares, a Class A and Preferred. The investment objectives with respect to the Class A shares are to provide holders of the Class A shares with regular monthly cash dividends. The net asset value per unit must be above the required $15 per unit... see more

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DIVIDEND 15 SPLIT CORP II > DF unit NAV to AUG 05 = approx: $14.46

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Post by mouserman on Aug 05, 2022 4:49pm

DF unit NAV to AUG 05 = approx: $14.46

So DF has LOST 14 cents since the july 29 update, and todays Quadravest update shows a decrease in cash from 14 % at june 30 to 13% at JULY 29.
The value of the commons in DF is now $4.46 and so needs 55 cents gain in UNIT NAV next week to make the cut for distributions to commons by the 15th of August. These markets are very volatile and macro conditions not really prime for a bull market jump in the summer.
$4.90 close for DF means a premium of almost exactly 10 %... FTN with 3$ of safety for paying to commons, also trading at around a 10% premium...i know which one i would buy for income.
Now for trading DF is much better, with huge swings up and down with the markets. Timing these is tricky , but can be done.

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