Bullboard - Stock Discussion Forum 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... see more

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TSX:DFN - Post Discussion

Dividend 15 Split Corp > Offered @ $8.15 per Class A Share

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Post by JohnWalker on Apr 26, 2021 3:37pm

Offered @ $8.15 per Class A Share

I might trade some FTN for some DFN. Will have to see how low it drops. If I can get better yield on DFN I will pull the trigger.

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Comment by flamingogold on Apr 26, 2021 5:11pm

That's a stretch, FFN's current distribution is 18.8%. DFN would need to fall $2 to $6.36 which is well below its NAV. Anyone wishing to let go of their shares for those prices.... call me!

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Comment by JohnWalker on Apr 26, 2021 10:13pm

I think you misunderstood me. I was talking about FTN not FFN. But even so, it would be a stretch. My yield on the FTN I hold is 15.6%, so DFN would still have to fall to about $7.50 for me to get a 16% yield. I'll put some stink bids in but I don't get expect to get filled.

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Comment by Intellectual on Apr 26, 2021 10:55pm

@JohnWalker It would be more appropriate to compare the yield on FTN at current levels to the yield on DFN at current levels instead of using your cost base. You would be exchanging a 13.4% yield on FTN for about 15% on DFN. I personally see this as inadvisable given the premium being paid for DFN. The downside on FTN appears limited given its low premium to NAV, which also makes an offering on ...more

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