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

Alternate Symbol(s): DFNPF | DVSPF | T.DFN.PR.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 unit nav to May 31 = approx: $ 17.43

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Post by mouserman on May 31, 2021 11:48pm

DFN unit nav to May 31 = approx: $ 17.43

SO only managed a gain in the UNIT NAV of .12 since the mid month update, and so after distributions the commons value would be approx:7.28.
So over a dollar premium to NAV after dist. , but the premium at 14.7% is low by historical standards. Altho in years past safer split funds commons got a bigger premium than the risky ones that are nearing going under the threshhold for paying to commons. Not so at this point in time.

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Comment by EdPaquette on Jun 01, 2021 8:01am

This upside down situation of premiums on weak payers and discounts for the strong ones is to do with expectations. There's going to be a panic to switch to the strong ones if expectations go down.

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Dividend 15 Split Corp