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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 > DFN unit nav to JUly 13= approx. 16.27
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Post by mousermanon Jul 13, 2022 10:28pm
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Post# 34822715

DFN unit nav to JUly 13= approx. 16.27

DFN unit nav to JUly 13= approx. 16.27Not sure how POS got his numbers, but my spreadsheet now updated , DFN with 11% cash, and SUNCOR no longer in the top 15  holdings of DFN.
I have DFN losing 6 cents , without collecting any dividends or covered call income.
SO value of the commons today would be 6.27... and last sale at 7.04 leaves a  77 cent premium.
The premium would be  12.2 % at this level, and that IS THE BEST deal amongst those split fund commons  that are paying , in my list. Financial only split funds did NOT fare as well as DFN, at least not as far as NAV is concerned. LBS had a good day going up , but the NAV actually fell on my spreadsheets, and how could it not, with all 10 holdings down on the day. And some  of thoses  losses were more than a little bit down. 
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