Bullboard - Stock Discussion Forum Dividend Select 15 Corp T.DS

Alternate Symbol(s): DVVDF

The Companys investment objectives are to provide holders of the Shares of the Company (Shareholders) with (i) monthly cash distributions, plus (ii) the opportunity for capital appreciation, through investment in the common shares of the Portfolio Companies. The Company has been created to provide investors with an opportunity to invest in a portfolio (the Portfolio) of 15 Canadian companies... see more

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Comment by wolverine99on Jan 16, 2019 4:14pm

RE:RE:RE:RE:RE:RE:RE:Under the radar income fund...

Well for the moment lets just enjoy the ride back up on just about everything. Having bought into DS, BK LBS and EIT, I can live with the volatility of FTN for now. Many thanks for your insights.

Discussion

Comment by mousermanon Jan 16, 2019 3:41pm

RE:RE:RE:RE:RE:RE:Under the radar income fund...

The only explanation i have for a split fund common share to be trading with over a 50% premium to NAV, ( barely above the threshhold for paying to common shares ) , is that there was a big ...more

Discussion

Comment by wolverine99on Jan 16, 2019 2:14pm

RE:RE:RE:RE:RE:Under the radar income fund...

So structurally, how can the common NAV improve w/o an increase in the market price for FTN, is this an anomaly due to US holdings, leverage, quick rise in FTN after a selloff, other Split Shares seem ...more

Discussion

Comment by mousermanon Jan 16, 2019 11:26am

RE:RE:RE:RE:Under the radar income fund...

My problem with FTN is actually the high yield.... it makes sustaining the distribution to the common shares more difficult. Particularly if we see a sideways market for banks in North America in the ...more

Discussion

Comment by wolverine99on Jan 16, 2019 10:16am

RE:RE:RE:Under the radar income fund...

Historically FTN has had a pretty good track record of Divvy payouts, one suspension of 18 months many years ago is the only real bad blemish. For whatever reason the appetite to pay the big premium ...more

Discussion

Comment by mousermanon Jan 16, 2019 9:57am

RE:RE:Under the radar income fund...

FTN definitely safe at this point, likely around UNIT NAV of 15.20 or so today. However with over 50% premium to NAV it is highly overvalued. I suspect shorts having to cover , or being forced to ...more

Discussion

Comment by SNOOSERon Jan 15, 2019 3:51pm

RE:Under the radar income fund...

Appreciate your analysis - starting to accumlate DS now for my income portfolio. I think I'll buy DS & EIT.UN for the high income/risk % portion. The rest I have are all the Div Aristocrats, a ...more

Discussion

Comment by wolverine99on Jan 15, 2019 1:45pm

RE:Under the radar income fund...

Mouserman, you are correct, for the moment it looks you and I have this board to ourselves, how civilized. Got into this one last week, LBS & BK yesterday ,balance to FTN who I also have at a high ...more

Discussion

Post by mousermanon Jan 15, 2019 12:34pm

Under the radar income fund...

DS seems to have very little following, or volume for that matter. Seems the iffy split funds are more in vogue... more gambling /trading there than income..... DS will make a slow steady ...more

Discussion

Comment by wolverine99on Jan 14, 2019 10:51am

RE:NAV jumped .33 since DEC 31

Up nicely today, bought in last week, you can sleep at night with this one!!! Thanks for your ongoing analysis.

Discussion

Comment by mousermanon Jan 12, 2019 1:22pm

RE:NAV jumped .33 since DEC 31

That .33 rise was equiv to over 4.2% jump in NAV, given the 7% cash they had on hand at DEC31. I would hope they are starting to put some of that cash to work, here after taxloss season is done ...more

Discussion

Post by mousermanon Jan 11, 2019 1:23pm

NAV jumped .33 since DEC 31

NAV now reported to JAN 10 at 7.19 , before the upcoming distribution. Last trade at 6.98 leaves DS trading at a discount to NAV. The stock price should start appreciating in the next while as the ...more

Discussion

Comment by wolverine99on Dec 20, 2018 3:03pm

RE:RE:RE:Trading at a discount to NAV, yield over 10%

Thanks, appreciate your feedback. I am caught in the FTN downdraft at the moment, but in a Registered plan so just close my eyes and wait it out. I have lots on my shopping list, but this market is ...more

Discussion

Comment by mousermanon Dec 20, 2018 8:54am

RE:RE:Trading at a discount to NAV, yield over 10%

INC.un from Quadravest is another that does not have a threshhold where common shares do not get paid. Similar to DS and BK, INC.un simply lowers the distribution payout as the stock price drops ...more

Discussion