Dividend 15 Split Corp T.DFN

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

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

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Comment by mousermanon Nov 05, 2020 6:39pm

233 Views

Post# 31848844

RE:RE:RE:RE:RE:RE:RE:New nav calculation

Have no objections to those holding , who have been in a while and have a low cost basis. But i do take issue with numbskulls buying a non-paying split fund common today at 21% premium , and sending the st ock up 3.66% when there are other splits out there trading at a discount to NAV with the UNIT NAV well above the 15$ threshhold. Its like most of them are real poor at math.
Its a quadravest phenomenon as i say....

flamingogold wrote: By soon I don't mean this month or next. It's easy to criticize now, like anything that's on its knees. Some investors are comfortable to hold this and wait for the election mess to pass and covid to get under control because the other side of this recession, the worst of its kind since the Great Depression, DFN offers years of a consistent 21% yield with a capital gain as a bonus.

EdPaquette wrote: If you rely on broker quotes, it looks like DFN is still paying dividends.

flamingogold wrote: I hold both since both are likely to pay soon and for that reason alone are great for swing trading. Eventually, even at this price, if you had to wait, DFN will be a good hold.

We just never know when and why things do what they do. Markets don't always make sense. Right now we have total uncertaintly who the next President will be and markets, which typically hate uncertainty, are raging to all new highs. And, I didn't even mention how out of control CV19 is either.

mouserman wrote:

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.