Dividend 15 Split Corp T.DFN

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

Financial Services Asset Management

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 > DFN unit NAV to Jan 07 = APPROX: $18.16

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Comment by mousermanon Jan 11, 2022 2:04pm

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Post# 34304638

RE:RE:RE:RE:DFN unit NAV to Jan 07 = APPROX: $18.16

No, because covered calls can at times work against you, your call gets taken out and with a forced sell, where you invest that cash doesnt make as much as if you had held on.
Covered calls do make a bit of income in collecting the premiums on the covered call, which never gets exercised.
I stick to just watching collected dividends amongst the holdings, and just the capital gain move in the stocks.

MrDontKnowItAll wrote: Thank you. I'm working on a NAV predictor model also.It is fairely close to what you predict. I just had have no idea how to calculate the value of the covered calls. Do you apply a certain % for those?

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