Bullboard - Stock Discussion Forum Dividend 15 Split Corp T.DFN

Alternate Symbol(s): DVSPF | T.DFN.P.A

Dividend 15 Split Corp. is a Canada-based mutual fund, which invests primarily in a portfolio of dividend yielding common shares, which includes approximately 15 Canadian companies. The Company offers two types of shares, including Preferred shares and Class A shares. Its investment objectives with respect to Preferred Shares are to provide holders with fixed cumulative preferential monthly... see more

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TSX:DFN - Post Discussion

Dividend 15 Split Corp > DFN holdings seeing some massive drops

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Post by mouserman on Aug 05, 2022 12:36pm

DFN holdings seeing some massive drops

Both DF and DFN 's NAVs are cratering early on friday as jobs report in Canada was underwhelming in contrast to the US report which showed growth.
At last look, only 3 of the 20 holdings are up, those being NA,BMO and MFC.
Some of those that are down are down in bigger numbers.. TRP now down over 4% , TA down over 6%, and CIX down over 3%. Overall DFN has lost over 23 cents since the JULY 29 update.
UNIT NAV now would be around $16.30 in realtime, and with the last trade @ 7.42 makes the premium about $1.12. That works out to a 17.7% premium, not outrageous, altho safety net is getting thinner, with commons now valued at about $6.30

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