Dividend 15 Split Corp T.DFN

DFN unit NAV to OCt 7 = approx: $15.20

[mouserman]

My spreadsheet has DFN losing about 12 cents since the September monthend update.
That values the commons at a lowly $5.20 with a week left until Quadravest does the calculations to determine which  of the splitfund commons will get a distribution. Last trade @ $7.02 makes the premium here $1.82  and that works out to almost exacly 35 %. Likely the highest of any of the split fund commons that i follow.

[winterishere]

I've never been able to get my head around how to figure out split corps.  Is there a quick and easy site that gives the basics?  Thanks.

[EdPaquette]

Split share funds (“Splits”) are unique investment corporations that offer two distinct classes of shares and typically invest in an underlying portfolio of dividend paying companies. The two distinct classes of shares are classified as 1) Class A shares and 2) Preferred shares. Both classes of shares trade separately on the TSX. Typically an investor buys a stock to receive dividends and

[EdPaquette]

Winterishere...go to quadravest website and spend time clicking everywhere and read everything. 

[winterishere]

Thanks Ed.  I've read all that stuff in the past but still don't feel comfortable with this. Is there a site where I can get an up to date valuation on assets and total liablities for the class A shares.  I've seen the last quarterly balance sheet and compared the NAV to the share price and it was substantially below the share price.  Are people paying the premium based

[EdPaquette]

The premium or discount is because it's a closed end fund.  Someone made a website last year with instant nav values for all the splits, I can't remember the address. I found it to be wrong a few times and never went back.  If you are good at making spreadsheets, then you can put your estimates here.