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 > DFN unit NAV to MAy 13 = approx: $17.13

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Post by mouserman on May 13, 2021 7:22pm

DFN unit NAV to MAy 13 = approx: $17.13

SO my spreadsheet has the UNIT NAV gaining about 10 cents since APRIL 30 update.
Now i do believe the recent offering with more preferred shares will actually be a benefit to commons share value, so I will be conservative and add 5 cents onto the commons value.
SO at this point commons estimated value would be $7.18 With the last trade at 8.07, the premium is about 12.4%... not high by historical standards, but maybe high compared to other splits that are trading at a discount with more safety built , and a much more robust % gain the past year...
I think DFN a buy, but some others look more attractive to me... and of course that depends on what part of the market you believe has the most upside in the near future.

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