Q about DFN NAVLove this portal and this stock that yields 15%+.
Question for audience as i'm newly invested in this stock and need to double check on NAV. I am trying to set my stop losses as safety measure in case of a major crash as a recovery stop. I do see on website of the following NAV details: https://www.quadravest.com/dfn-fund-features:
April 30, 2021
NAV Pre-Distribution: $17.16
Distribution: $0.1458
NAV Net of Distribution: $17.02
NAV + Total Distributions Paid to Date: $49.64
Under which NAV does the stock price have to exceed in order to obtain the dividend on Apr 30 (example). Does this mean the Class A and Preferred both have to be meet or exceed $17.16 on Apr 30 in order to be granted the dividend as an investor?
-What happend if it falls below and ends at $17.00 on Apr 30 as an example?
-Where can we get the exact Nav or DFN?
look fwd to the help. I'm just trying to see how I can avoid in October 2020 or March/Apr 2020 when DFN did not pay out its dividend and much rather stop loss at 5% down where i can re-evaluate. Appreciate the help.