RE:RE:RE:RE:RE:TD up, XTD not so muchYou're correct about the covered calls. This is from the prospectus...
"The Company invests in common shares of the Bank (the “Portfolio”). To supplement the dividends earned on those common shares and to reduce risk, the Company will from time to time write covered call options in respect of all or a part of common shares of the Bank that it holds. The number of such common shares that are the subject of call options and the terms of such options will vary from time to time as determined by Quadravest. In addition, the Company may also write cash covered put options or purchase call options with the effect of closing out existing call options written by the Company and may also purchase put options in order to protect the Company from declines in the market prices of the common shares of the Bank that it holds."
Interesting to note XTD was paying commons June and July 2023 when TD was trading a bit over $86.00.
Is the NAV calculated only a couple of times a month? I see the last one was Sept 13/24