Dividend 15 Split Corp II T.DF

DF unit nav to Nov 12 = approx; $16.82

[mouserman]

Back to showing a gain of 44 cents since OCT 31 , and makes the commons value about $6.82...
Now we have the retraction option happening for DF, so when the  next monthend update comes there could be a bit of surprise with the NAV... depending on how many shares get retracted at the NAV  
( wherever that is Nov 29) . We can only estimate what the NAV might be ...Commons would be valued @  $6.82 here.. and the last trade @ $6.31 leaves a discount of 51 cents .. or about  7.5%

[kashyap]

Hi Mouserman, is the retraction option includes class A share or its only for preferred share?

[mouserman]

Either one or both i believe... A previously announced on March 12, 2024 the Company will extend the termination date a further five year period from December 1, 2024 to December 1, 2029. In relation to the term extension and the Preferred Share rate increase, the Company has an additional retraction right for those shareholders not wishing to continue holding their investment

[mouserman]

I think the uncertainty regarding the retraction may be holding DF back a bit... certainly no good reason for DF to be trading at the same level as DFN... at any rate we may see a surge after the midmonth update in DF , if the spreadsheets on the 2 split funds are accurate... It should come out in the next few days.