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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

Comment by flamingogoldon Aug 17, 2024 10:55am
131 Views
Post# 36184127

RE:RE:RE:RE:RE:revised UNIT NAV = $15.51

RE:RE:RE:RE:RE:revised UNIT NAV = $15.51"Personally I'm more interested in commentary as to why DFN is going up or down"

The answer is in your question. The daily NAV plays a large role in the direction of the share price... long or short. Of course, the NAV and consequently the share price is affected by the overall market direction.
 
Some of these splits get more of a premium than others because of their history or liklihood of maintaining or frequency of a distribution. It's really not more complicated than that. The complicated part, as street investors, is having access to that NAV in advance of the actual publication which I too am thankful for. The rest is up to us as investors to weigh the risk/reward of each split based on the above.

Larry50 wrote: I do value the NAV commentary but do we really need or benefit from post after post siting UNIT NAV = $15.51; then UNIT NAV = $15.55; UNIT NAV = $15.50; UNIT NAV = $15.40.  If you look back I don't think I'd be exaggerating by saying 80%+ of the commentary is UNIT NAV and debate about why one person is a penny or two different than the next. Personally I'm more interested in commentary as to why DFN is going up or down, likelihood of retaining the next dividend, or not. I have invested heavily in DFN (and moreso FFN recently) given DFN's 15-year + history of not missing a dividend until Covid came along and now why it has apparently fallen out of favour and leaving us guessing with respect to its future.  I'm more interested in commentary than just daily NAV figures.  Just my thoughts and I very much respect those who are on top of the numbers and understand this far more than I do.  


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