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Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  T.DFN.PR.A | DVSPF | DFNPF

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. It 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 cash dividends in an amount of $0.04583 per Preferred share to yield 5.5% per annum on the $10 repayment amount and to return the $10 repayment amount to their holders on the termination date. Its investment objectives with respect to Class A Shares are to provide holders with regular monthly cash distribution targeted to be $0.10 per Class A share and return the original issue price to their holders on the termination date. The net asset value per unit must remain above the required $15 per unit threshold for distributions to be declared. Its investment manager is Quadravest Capital Management Inc.


TSX:DFN - Post by User

Dividend 15 Split Corp > New nav calculation
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Comment by mousermanon Nov 04, 2020 4:56pm
217 Views
Post# 31839344

RE:RE:RE:New nav calculation

RE:RE:RE:New nav calculation
flamingogold wrote: October for markets was the worst month since the end of July. November has bounced back but election result uncertainty needs to be resolved quickly to hold the gain.

mouserman wrote:
EdPaquette wrote: 14.29

WOW i was 3 cents high.... need an update on the biggest holdings.....
DFN needs a lot of help to get to 15$ UNIT NAV before the 15th weekend.....



I am not here to bash DFN , as many here believe its the best thing since sliced bread... but there are better buys out there, but JMHO.
LBS since last thursday has gained over 61 cents , and the UNIT NAV now at 15.09...
Last trade was at 4.75.. again the Brompton discount. This month DFN will again pay preferreds , but for  LBS  it will be 2021 before they pay preferreds again.
Always amazing to me that traders in these split funds cannot do basic math. 
DFN went up 11 cents today, and LBS only  3 cents... geez... which one has the best chance on paying a .10 divvy come December?
3 guesses and the first 2 dont count. 
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