Dividend 15 Split Corp T.DFN

How many more overnight offering this year?

[Moneyman70]

So there's been TWO overnight offerings already htis year in the first four months. I'm guessing Quadravest will have two more this year as long as the markets stay up. A few years ago there were three overnights in one year and they need to keep the coffers topped up with cash to  pay off the existing shareholders. Share price and NAV will continue to erode over time because they can't keep this ponzi machine running forever.

[flamingogold]

Never seen someone so obsessed about a split fund they haven't posted on a single other board since creating their ID 2 years ago.

[Moneyman70]

What's your point? Got anything constructive to say?  Do you own this board?

[flamingogold]

I believe the market is one big casino but with better odds. This should not be a revelation though.   We are in a declining, low rate economy since the early 1980's and investors, especially those seeking additional income in retirement, have to put their money in the market. No one can time the market, but sitting in cash or low risk bonds, GICs that pay you nothing pushes you

[Dumpinvestor]

Flamingo gold... good post. I did exactly what you did. 

[EdPaquette]

Overall comment about splits...navs have been struggling for years but we are at a turning point.   Interest rates are finished falling and when they rise all the splits will go up.  The ones that get over 25 will start paying specials, FTN and sbc are almost there. So not a ponzi.   

[Moneyman70]

SBC is 90% top 5 Canadian banks which are all overexposed to residential real estate. When interest rates rise then real estate will drop. Canadian banks are at a risk here. Also the overall stock market would drop (the markets are hugely overbought now) as well so I can't see this "rise" you are talking about. FTN was reorganized late 2020 because it was sucking so badly. So more

[mouserman]

I dont see any BIG interest rates jumps in the future. Economy is on shaky legs , even if it is rebounding from the COVID craziness. A small interest rate jump wont spook the markets or the housing sector. One thing about excessive helicopter money in the trillions of $$$, is that it has an inflationary effect on real things, like land, houses, lumber, metals etc, as there is suddenly alot more