Bullboard - Stock Discussion Forum Dividend Select 15 Corp DVVDF

Primary Symbol: T.DS

The Companys investment objectives are to provide holders of the Shares of the Company (Shareholders) with (i) monthly cash distributions, plus (ii) the opportunity for capital appreciation, through investment in the common shares of the Portfolio Companies. The Company has been created to provide investors with an opportunity to invest in a portfolio (the Portfolio) of 15 Canadian companies... see more

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Dividend Select 15 Corp > DS NAV dropped considerably today, but still at a discount

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Post by mouserman on Apr 15, 2020 6:40pm

DS NAV dropped considerably today, but still at a discount

DS lost about .17 on the NAV in todays trading , and perhaps could see more down tomorrow again.
Lots of negatives abounds poor earnings from banks and others, COVID continues to cause record number of deaths, and in all likelyhood will delay and return to normalcy in the US....and Canada as well. The economy may take until 2021 to recover.
After todays trading i have the NAV around 5.95, last trade @ 5.80 , so still a small discount to NAV. DS will be paying again this month , but distributions of course have shrunk based on the last 3 trading days of March. Volume weighted average price was 5.287, so based on 10% per annum that works out to almost exactly 4.4 cents .
Last month we got 5.892....... A big drop in distributions, and the market probably wiil NOT find DS particulary exciting to hold for yield.

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