Dividend 15 Split Corp T.DFN

ANother offering for DFN i see.

[mouserman]

MAy be forced into this one again, as it is likely the number of commons now  is much larger than the number of preferred shares.  SO once again we may see more preferreds sold in the offering to even up the numbers again. This happens when u have an ATM program running which allows commons to be sold to investors from the treasury., rather than in the open market.
The split with the best ponzi scheme continues to go to the well.

[EdPaquette]

You're being forced into a ponzi? 

[dileas48s]

This post confuses me, so maybe someone here can educate me, but my understanding was that the very nature of the split corp funds, including this one, is that there is always an equal number of preferred shares as there are class A shares.  That was certainly the case in the March 2021 fund update, and the latest overnight offering is for both preferreds and class A shares (presumably in

[EdPaquette]

It's because QV sells class a shares at the market whenever they want.  That changes the ratio and then they do an offering of preferreds. 

[felix10]

According to TD Direct, the number of shares of the common and preferred are equal at 65.5 million (prior to the new offering).

[slst]

I think there is a missunderstanding on the ATM program.  It does NOT mean the company can sell its shares in the Market everyday! It means that a large investor or brokerage house can offer a financing "at the Market Price" and the company can skip the detailed and costly filing of an Offering Memorandum document that is normally required. That is why when they anounced it, they

[dileas48s]

Thank you.  This makes sense.  They cannot modify the NAV by issuing more of one side of the shares versus the other, but I agree how they go about offering them is a different matter.

[mouserman]

Have to disagree with you there, they sell more common shares in the ATM program than preferreds. That evidence was shown in the February offering that raised 92 million $$. Unless you are saying they are will allow only common shares to bef retracted and not preferreds....  At any rate they had to even up the share count back in February and i believe they are doing it again. In the ATM NR