Bullboard - Stock Discussion Forum Dividend 15 Split Corp T.DFN

Alternate Symbol(s): T.DFN.P.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. The Company 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... see more

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Dividend 15 Split Corp > Ex dividend day, and DFN drops below 15$ UNIT NAV

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Post by mouserman on May 30, 2023 1:08pm

Ex dividend day, and DFN drops below 15$ UNIT NAV

Very red day in the markets in North America... and DFN has only a few holdings in green numbers , and only 2 in the top ten. My spreadsheet has the UNIT NAV @ $14.99 after distributions are paid out, so commons now only have a value fo $4.99.
Premium would be an unheard of 46.5% on the commons, for a split fund commons below the level for paying. I suspect one day soon, the shorts will attack in big numbers and send the price of the commons to a MUCH smaller premium...

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