Dividend 15 Split Corp T.DFN

New nav calculation

[EdPaquette]

14.29

[Eyes]

How did you calculate the new NAV exactly Ed? Thanks

[EdPaquette]

Not me, but quadravest. 

[mouserman]

WOW i was 3 cents high.... need an update on the biggest holdings..... DFN needs a lot of help to get to 15$ UNIT NAV before the 15th weekend.....

[PatFromGrove]

And the cliffhanger election is not helping!

[flamingogold]

October for markets was the worst month since the end of July. November has bounced back but election result uncertainty needs to be resolved quickly to hold the gain.

[mouserman]

I am not here to bash DFN , as many here believe its the best thing since sliced bread... but there are better buys out there, but JMHO. LBS since last thursday has gained over 61 cents , and the UNIT NAV now at 15.09... Last trade was at 4.75.. again the Brompton discount. This month DFN will again pay preferreds , but for  LBS  it will be 2021 before they pay preferreds again. Always

[flamingogold]

I hold both since both are likely to pay soon and for that reason alone are great for swing trading. Eventually, even at this price, if you had to wait, DFN will be a good hold. We just never know when and why things do what they do. Markets don't always make sense. Right now we have total uncertaintly who the next President will be and markets, which typically hate uncertainty, are raging to

[EdPaquette]

If you rely on broker quotes, it looks like DFN is still paying dividends.

[flamingogold]

By soon I don't mean this month or next. It's easy to criticize now, like anything that's on its knees. Some investors are comfortable to hold this and wait for the election mess to pass and covid to get under control because the other side of this recession, the worst of its kind since the Great Depression, DFN offers years of a consistent 21% yield with a capital gain as a bonus

[mouserman]

Have no objections to those holding , who have been in a while and have a low cost basis. But i do take issue with numbskulls buying a non-paying split fund common  today at 21% premium , and sending the st ock up 3.66% when there are other splits out there trading at a discount to NAV with the UNIT NAV well above the 15$ threshhold. Its like most of them are real poor at math. Its a