RE:DFN unit nav to JUly 13= approx. 16.27I think the old mantra comes to mind in this current market... don't fight the FED. Typiclaly, Canada follows the US on rates, but this time around Powell may in fact follow Macklem. With hotter than hot inflation numbers, the odds are building that a 1% FED hike is coming in 2 weeks. The market is pricing that in now.
mouserman wrote: Not sure how POS got his numbers, but my spreadsheet now updated , DFN with 11% cash, and SUNCOR no longer in the top 15 holdings of DFN.
I have DFN losing 6 cents , without collecting any dividends or covered call income.
SO value of the commons today would be 6.27... and last sale at 7.04 leaves a 77 cent premium.
The premium would be 12.2 % at this level, and that IS THE BEST deal amongst those split fund commons that are paying , in my list. Financial only split funds did NOT fare as well as DFN, at least not as far as NAV is concerned. LBS had a good day going up , but the NAV actually fell on my spreadsheets, and how could it not, with all 10 holdings down on the day. And some of thoses losses were more than a little bit down.