RE:Help me dive into this one...When you see posts referring to NAV at approximately $17 (they were $16.98 as of August 15th and the 16th and 19th were GREEN for most of their fund individual components so their "guesstimated" NAV is currently $0.10 to $0.30 north of $17) you must realize that what people are talking about is
NAV per Unit. A Unit consists of one Class A share and one Preferred share. The NAV for the Preferred shares are a nominal $10 (although actual share price varies (currently about $10.25). The NAV for the Class A shares is $6.98 mentioned in the first paragraph. $6.98 + $10.00 =
$16.98 PER UNIT. Regarding returns upon fund termination. It's highly unlikely that you will see this fund terminate. It's their most successful fund and as termination date draws near they are almost always extended for a further 5 year period. However, if they do terminate, the payout goes to the preferred shares first, so you won't see anywhere near $15 if you buy Class A shares only. You get whatever remains after preferred shareholders are paid.
The good news is this fund (since inception) has
NEVER missed a monthly dividend on Class A shares. The upcoming dividend for Class A shares will be their 185th consecutive dividend (over 15 years without missing a dividend). Of course past results are no guarantee of future performance.
At current prices Class A shares yield about 14% (paid monthly) so they are very attractive. But make sure you know what you are getting into. If you are not familiar with them, study up on Split Share Funds.
Good information from Quadravest and this particular fund can be had at ...
https://www.quadravest.com/dfn-fund-features