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 31 = approx: $14.19

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Post by mouserman on Aug 31, 2022 4:39pm

DF unit nav to AUG 31 = approx: $14.19

My spreadsheet had DF losing 61 cents since the midmonth update. Leaves the commons with a value of $4.19 before distributions to preferreds.

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Comment by mouserman on Sep 02, 2022 6:34pm

Quadravest updated navs again to AUG 31 and DF spreadsheet was exactly on the money again @ $14.19 Not much change since that update, and DF trading at a discount here.

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Comment by Sugaree on Sep 02, 2022 10:10pm

Is it a discount because you take $14.19 - $10.00 = $4.19, so as stock is below at $3.97 it is a discount?

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Comment by TickerTwit on Sep 03, 2022 9:40am

It's a simplified way of looking at it. If the market price of DF (3.97) is below its portion of NAV (4.19), then the market is assigning it a discount. A non-simplified look recognizes that fair market value involves more than NAV. It also has to price in (1) the value of the structural leverage DF has on NAV and (2) the ongoing management expense paid to Quadravest. .

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DIVIDEND 15 SPLIT CORP II