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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

TSX:DFN - Post Discussion

Dividend 15 Split Corp > NAV June 20
View:
Post by AnEducator on Jun 20, 2023 4:22pm

NAV June 20

~$15.03. Ex-dividend, the NAV would be reduced to ~$14.88.

Pretty huge volume day today, typical of end-of-month trading. This fund generally runs up as the ex-dividend date approaches. It will be interesting to see if the same transpires over the next six trading days.

Still admittedly shocked by the premium. I'm sure the upcoming payment is a strong disincentive for people to take a short position in this name. AFter all, it's possible they may be able to continue to pay a dividend for a few months.
Comment by dlxowhd on Jun 20, 2023 6:19pm
i sold 14,000 shares today (all dfn i had).. my avg price was like $8.10 but i held them for like 2 years so didn't lose money (because of dividends).
Comment by amugsgame on Jun 21, 2023 9:32am
The div payment is a disincentive to short but I'll be watching closely in early July and may take a short position. It's thanks to yourself and Mman that people following this board know the NAV on almost a daily basis and can take advantage of the ups and downs. I've made very good $$$ over the years both long and short on the splits with this knowledge. Thanks again 
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